$Coinbase Global, Inc.(COIN)$ ๐ฅ๐๐ $COIN Blasts Through Resistance: Inverse Head, Full Shoulders, All Gains ๐๐๐ฅ
The chart isnโt just beautiful, itโs textbook!
$COIN just delivered a monstrous +24.78% intraday move to $259 + on 14May25, ๐ณ๐ฟNZ Time, erupting cleanly from an inverse head and shoulders pattern that had been loading for months. What triggered it? The perfect confluence, technical breakout meets macro momentum, as Bitcoin surges past $104K and institutional flows accelerate.
๐ง Technically Speaking:
โข RSI crossover confirms momentum shift from consolidation to breakout
โข Price smashed through the neckline and cleared a three-week horizontal resistance shelf, as shown by the Gann Square arc cluster
โข Bollinger Bands exploded open with high-volume confirmation, marking one of the strongest expansions year-to-date
๐ Fibonacci + Market Context:
โข Eyes on $275 as the next real-time target if price holds above the breakout zone
โข Weekly close above the 0.786 log Fibonacci level (~$246.86) would validate the bullish continuation
โข Failing that, even a hold above the Bull Market Support Band near $227 still preserves the larger uptrend
๐งจ Sentiment Flip:
From โloserโ โ๏ธ to leader, this isnโt a meme bounce. Itโs structural. Market participants are rotating hard into crypto equities with leverage to BTC and ETH. Coinbase is ground zero for this thesis.
๐ก Bonus Insight:
COINโs P/S ratio remains elevated at 9.88, but traders are paying up for scarcity in regulated crypto rails with explosive upside. Forward EPS of 5.728 and accelerating turnover suggest this rerating might only be in the early innings.
๐ข Donโt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ๐๐ Iโm obsessed with hunting down the next big movers and sharing strategies that crush it. Letโs outsmart the market and stack those gains together! ๐
Trade like a boss! Happy trading ahead, Cheers, BC ๐๐๐๐๐
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Great article, would you like to share it?