The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/6/2026 -
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Coinbase Global (COIN) Technical Analysis

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Summary:
Weekly :Broken trend support lineStochastic signal line moved above oversold areaBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 4 consecutive negative weeks for the Coinbase Global (COIN). During the week, the COIN gained 21.37 points, or 12.15%, and closed at 197.22 on Friday, March 6, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was 42% above average.

Long-term trend: [See COIN long-term trend chart]
A long-term uptrend had started on January 6, 2023 at 31.55 and reached 444.65 on July 18, 2025. COIN gained -413.10 points, or -1309.35%, in 132 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (264.68) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See COIN medium-term trend chart]
A medium-term downtrend had started on October 10, 2025 at 402.16 and reached 139.36 on February 12, 2026. COIN lost 262.80 points, or 65.35%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (114.32) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. COIN may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See COIN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 10, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See COIN short-term trend chart]
A short-term uptrend had started on February 12, 2026 at 139.36 and reached 213.50 on March 5, 2026. COIN gained -74.14 points, or -53.20%, in 21 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See COIN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since February 17, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.75
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 87.95
Overbought
Greed/Fear Indicator (GFI) 77.49
Moving Average Converg./Diverg. (MACD) -7.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.91
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 21.19
Greed/Fear Indicator (GFI) 29.02
Moving Average Converg./Diverg. (MACD) -23.42
Trading Signals
Description Value Chart
Upper Bollinger Band 218.21
Daily Stochastic Crossing 207.28
50 Day Moving Average 203.70
Price 197.22
Parabolic System 188.81
20 Day Moving Average 173.17
Weekly Stochastic Crossing 171.13
Lower Bollinger Band 151.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 152.70
Low Date 02/24/2026
High 213.50
High Date 03/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 139.36
Low Date 02/12/2026
High 213.50
High Date 03/05/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 115.77
Support 114.32
High 402.16
High Date 10/10/2025
Low 139.36
Low Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 444.65
High Date 07/18/2025
Low 139.36
Low Date 02/12/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 544.54
Support 264.68
Low 31.55
Low Date 01/06/2023
High 444.65
High Date 07/18/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.