Technical analysis by bbqgio about Symbol COINX: Buy recommendation (10/29/2025)

Coinbase has shifted from corrective to cautiously bullish on the 1D chart. After July’s peak, price based around the $315–$320 area and then broke structure in late September, reclaiming all key moving averages. The latest pullback tagged the MA20 after a rejection at the $390–$400 resistance, while Bollinger Bands, once contracted, are opening up again—often a sign of building energy. The working structure is a bullish flag: a strong late-September/early-October impulse (flagpole) followed by a tight, slightly downward channel. The primary path is continuation on a break-and-daily close above ~$368 (flag top) with expanding volume. That unlocks a run toward the recent high at $390, then $400, and—on follow-through—an extension toward $410 and the July supply near $430–$440. Short-term support sits near $340 (confluent with the MA60), which has repeatedly caught dips and remains the pivot for the bullish case. If price loses $340 on a sustained daily close, the idea is invalidated and the door opens for a deeper fade toward the $320 zone/MA120. Until a clean break, expect chop between the MA20 and $368 with momentum reset via MACD cooling. This is a study, not financial advice. Manage risk and invalidationsOps, just found out the worst case number I put was wrong. But anyway, $340 level has been lost and it's invalidated. next support could be around MA120.