Verified Investing on $COIN (Oct 30, 2026)
After Coinbase fell about 13.78% on crypto-hack fears, the speaker sees a support zone around 115 to 120, near a horizontal pivot, a Fibonacci extension level and a downward trend line, and expects good support around 119; he nearly went long but declined to chase on a Friday afternoon.
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Coinbase and Robinhood prices have dropped, which is normal. People are thinking, "If they can be hacked, can Coinbase be hacked? Can Robinhood be hacked?"
Breaking. Big drop in Coinbase. You can see it there. I mean, how much has it decreased? 13%? 13.78. It's just falling. When I was watching it was 12.8, 12.9. Okay. Yes, so it's a big drop.
I almost opened a long position in the live day trading room. I figured if there was ever a time not to trade, it would be chasing something on a Friday afternoon after the crypto hack.
Now, I see it. It has come close to this level. It is about 115. The line I drew is about 118. But in this 115 to 120 area, we have a nice little pivot area. You can see it's right back from there.
Actually, I put it a little higher. This is it. This is it. Yes, now we are talking about work. Now we are moving forward at full speed. Oh, that was Fibonacci. That is not a trend line.
This is very close to the Fibonacci level. So we have this nice little horizontal pivot. We have seven 786 Fib extensions. Right on that line. And we also have this downward trend line.
So there should be a good support for Coinbase around 119.
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Verified Investing has 7 calls on this stock; only the adjacent ones are shown.