$Coinbase Global, Inc.(COIN)$ ππͺπ Coinbase: Cup, Clarity, and $4.4M Conviction ππͺπ
Iβm extremely confident Coinbase is approaching a moment of structural transformation. After years of volatility and regulatory headwinds, $COIN is now retesting its original IPO breakout zone with renewed strength, broader institutional alignment, and market validation from both options flow and macro catalysts.
I believe the most important chart right now is the long-term daily cup formation. Price has returned to the $370β$430 range, precisely where it first listed. That curved base isnβt just a pattern; itβs a multi-year sentiment recovery. Price has coiled and climbed for over two years and is now confronting prior highs with volume and velocity. This is a retest of historical significance, with earnings on 31Jul25 acting as the final catalyst.
From a traderβs perspective, the size of conviction is staggering. A bold player swept 2,000 $380 August 15 calls for $22 per contract, totaling $4.4 million. Thatβs not casual. Thatβs a directional, high-speed bet into a binary earnings event, placed with urgency. Someone clearly believes $COIN wonβt just hold, itβll surge!
Technically, weβve already cleared and backtested Delta T3 ($380.75), dipped into the T2 zone intraday, and rallied again. Now weβre eyeing:
β’ T4 swing target: $438.62
β’ Historical resistance: $429.54 (IPO neckline)
β’ Support zone: $362β$367, with volume shelves protecting downside
Iβm positioned for a potential full extension through T4 as we close out July. The 4H Keltner and Bollinger bands are widening again. The weekly chart shows $COIN breaking above its 10, 20, and 30 MAs, with RSI climbing near 68 and MACD momentum fully intact. These are bullish continuation signals with room to run.
Macro-wise, Coinbaseβs integration with JPMorgan Chase changes the rules. This fall, Chase credit card holders will fund wallets directly through Coinbase. By 2026, theyβll redeem points into USDC. That makes Coinbase a gateway, not just an exchange. With the crypto market pushing toward $4 trillion and stablecoin infrastructure growing rapidly, $COINβs role as a TradFiβDeFi bridge is being locked in at scale.
Coinbase has also cemented its spot in the S&P 500, bringing ETF exposure from $VOO, $QQQ, and $ARKK. This guarantees long-term passive flows, regardless of near-term volatility. And with institutional wallets rotating back in, as seen with the aggressive call sweep and heavy bid/ask volume,I expect any pullbacks to be short-lived.
Iβm positioned long into earnings, with a view toward a decisive breakout above the $430 neckline. If we clear that with volume, the cup-and-handle breakout could project toward $600 in later phases. But first, we watch earnings and the $438.62 T4 level closely.
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Tiger_comments @TigerPicks @TigerStars @TigerWire @Tiger_Earnings @SPACE ROCKET
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