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.

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- 1/16/2026 -
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Coinbase Global (COIN) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 254.20
Daily :Broken trend support lineThe period of low volatility of the stock price
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It was a second positive week after 5 consecutive negative weeks for the Coinbase Global (COIN). During the week, the COIN climbed 0.37 points, or 0.15%, and closed at 241.15 on Friday, January 16, 2026. Weekly volume was -14% below 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 price is near the trend support (254.20) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 225.47 on December 31, 2025. COIN lost 176.69 points, or 43.94%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (223.06) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See COIN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range 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 December 31, 2025 at 225.47 and reached 263.07 on January 14, 2026. COIN gained -37.60 points, or -16.68%, in 14 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (246.88) 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 short-term trend.

Daily Technical Indicators: [See COIN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The distance between the Bollinger Bands is falling, and it was 12.42% on Friday. It is 58.99% lower than one year average. It indicates the period of low volatility of the stock price. 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) 52.44
Williams' Percentage Range (W%R) 62.70
Lane's Stochastic (%D-Slow) 48.26
Greed/Fear Indicator (GFI) 45.99
Moving Average Converg./Diverg. (MACD) -6.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.46
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 13.56
Oversold
Greed/Fear Indicator (GFI) 20.69
Moving Average Converg./Diverg. (MACD) -3.85
Trading Signals
Description Value Chart
Weekly Trendline Resistance 264.27
Upper Bollinger Band 262.44
50 Day Moving Average 260.59
Yearly Trendline Support 254.20
Daily Stochastic Crossing 248.86
Weekly Trendline Support 246.88
20 Day Moving Average 242.45
Price 241.15
Parabolic System 235.84
Weekly Stochastic Crossing 233.11
Lower Bollinger Band 232.47
Monthly Trendline Support 223.06
Monthly Trendline Resistance 210.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 263.07
High Date 01/14/2026
Low 236.14
Low Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 264.27
Support 246.88
Low 225.47
Low Date 12/31/2025
High 263.07
High Date 01/14/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 210.28
Support 223.06
High 402.16
High Date 10/10/2025
Low 225.47
Low Date 12/31/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 444.65
High Date 07/18/2025
Low 225.47
Low Date 12/31/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 523.68
Support 254.20
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.