Elliott Wave Forecast

Login
Start 14-Day Trial

Navigating the Coinbase (COIN) Sell-Off: $150 Target in Sight

By

Coinbase (NASDAQ: COIN) has plummeted 46% from its peak. This sharp decline mirrors a broader sell-off gripping both crypto and equity markets. The convergence of these downturns creates a critical technical juncture for the stock.

Today, we will dissect the Elliott Wave correction currently in progress. Our analysis establishes a clear potential path for the stock over the coming months, providing a strategic roadmap for traders navigating this volatility..

Elliott Wave Analysis

A clear positive correlation links Bitcoin and COIN. Both assets consistently share major highs and lows. Consequently, we expect this relationship to continue during the current downturn. Furthermore, Bitcoin now approaches its April 2025 low. It will likely retest the September 2024 low next. Therefore, COIN should follow this same path. This alignment targets the $150 area for Coinbase.

Coinbase Vs Bitcoin

BTC VS COIN

The COIN weekly chart shows a higher high sequence after July’s all-time highs. Since then, a larger degree pullback has started. This correction aims to correct the five-wave advance from the January 2023 low.

The pullback is unfolding as a three-wave zigzag structure. Wave ((A)) ended at $291 on August 20, 2025. Subsequently, wave ((B)) bounced to $402 by October 10, 2025. Currently, wave ((C)) is progressing and has entered the $249 equal legs area.

However, Bitcoin’s suggested correction implies further COIN weakness. Therefore, we expect a move toward the $154 Fibonacci 1.618 extension into next year. This projected low should complete wave II and setup the next major rally.

COIN Weekly Chart 11.21.2025

Coinbase COIN Weekly 11.21.2025

Conclusion

COIN is undergoing a necessary weekly correction, setting up a strategic investment opportunity for next year. You can precisely time your entry into this and other trades using our Elliott Wave strategy. Our methodology identifies optimal entries after a 3, 7, or 11-swing correction completes. Furthermore, our proprietary Blue Box system pinpoints high-probability reversal zones with clarity and confidence.

You can master this disciplined approach with a 14-day trial. Explore a wide range of Stocks & ETFs and learn to trade our Blue Boxes. Gain full access to 78 instruments across 4 time frames, daily Live Trading & Analysis Sessions, and 24-hour chat support. Position yourself to capture the next major bullish leg.

Explore our system to gain deeper insights into this methodology.

Coinbase Global (NASDAQ: COIN) Bullish Cycle In Progress

By

Coinbase Global (NASDAQ: COIN) went public on April 14, 2021 with its Initial Public Offering (IPO) and the stock reached its peak on the same day. Subsequently, the cryptocurrency sector was hit hard by the bear market, causing COIN to lose 90% of its value over the following 21 months . Since the beginning of this year, Coinbase has shown an impressive rally of +350% 12. Let’s take a look at the Elliott Wave Structure to explore the potential path for the coming years.

As we can see on the following weekly chart, COIN’s decline since 2021 unfolded as a corrective 3 waves ZigZag structure labeled in wave (II) at $31.55. The initial rally from the lows is showing 5 swings to the upside, which is considered a bullish structure suggesting continuation to take place.

COIN has two options at this stage :

– It can extend the rally within wave I as the internal cycle could be nesting within a strong wave ((3)). After ending the extended 5 waves structure, a 3 waves pullback will take place in wave II above $31.55. Then the stock will be able to resume the new bullish cycle.

– It can soon end the current 12-month rally because it’s already showing a 5 waves advance in wave ((1)). Then a wave ((2)) pullback will take place to correct the cycle in 3, 7, or 11 swings. After that, a new rally will take place within wave ((3)).

Coinbase (NASDAQ: COIN) Weekly Chart 12.5.2023

Coinbase COIN Weekly 12.5.2023

As discussed in the above scenarios, both ideas are based on the bullish 5-swing showing since January 2023 low. Consequently, COIN is expected to remain supported during the next pullback as the stock is in the process of starting a new multi-year bullish trend, and it’s only the start of wave (III). Therefore, investors will be looking to accumulate/buy the stock during daily pullbacks.

 

Elliott Wave Forecast Trial