$Coinbase Global, Inc.(COIN)$ π₯ππ $COIN Blasts Through Resistance: Inverse Head, Full Shoulders, All Gains πππ₯
The chart isnβt just beautiful, itβs textbook!
$COIN just delivered a monstrous +24.78% intraday move to $259 + on 14May25, π³πΏNZ 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.
π§ Technically Speaking:
β’ RSI crossover confirms momentum shift from consolidation to breakout
β’ Price smashed through the neckline and cleared a three-week horizontal resistance shelf, as shown by the Gann Square arc cluster
β’ Bollinger Bands exploded open with high-volume confirmation, marking one of the strongest expansions year-to-date
π Fibonacci + Market Context:
β’ Eyes on $275 as the next real-time target if price holds above the breakout zone
β’ Weekly close above the 0.786 log Fibonacci level (~$246.86) would validate the bullish continuation
β’ Failing that, even a hold above the Bull Market Support Band near $227 still preserves the larger uptrend
𧨠Sentiment Flip:
From βloserβ βοΈ to leader, this isnβt a meme bounce. Itβs structural. Market participants are rotating hard into crypto equities with leverage to BTC and ETH. Coinbase is ground zero for this thesis.
π‘ Bonus Insight:
COINβs 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.
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerWire @TigerPicks @TigerStars @Daily_Discussion
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