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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- 8/21/2026 -
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Coinbase Global (COIN) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
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It was a first positive week for the Coinbase Global (COIN). During the week, the COIN gained 38.02 points, or 25.61%, and closed at 186.49 on Friday, August 21, 2026. It was the best weekly gain since April 17, 2026. Weekly volume was 43% 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 (301.49) 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 July 18, 2025 at 444.65 and reached 139.11 on July 31, 2026. COIN lost 305.54 points, or 68.71%, in 54 weeks. The chart has formed a Falling Channel chart pattern. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See COIN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 2, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 July 31, 2026 at 139.11 and reached 191.36 on August 21, 2026. COIN gained -52.25 points, or -37.56%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (147.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.94
Williams' Percentage Range (W%R) 21.60
Lane's Stochastic (%D-Slow) 63.34
Greed/Fear Indicator (GFI) 72.22
Moving Average Converg./Diverg. (MACD) -1.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.28
Williams' Percentage Range (W%R) 50.80
Lane's Stochastic (%D-Slow) 36.02
Greed/Fear Indicator (GFI) 45.69
Moving Average Converg./Diverg. (MACD) -19.55
Trading Signals
Description Value Chart
Price 186.49
Upper Bollinger Band 179.63
Weekly Trendline Resistance 176.67
Daily Stochastic Crossing 175.94
Monthly Trendline Resistance 160.60
50 Day Moving Average 158.51
Weekly Stochastic Crossing 157.44
20 Day Moving Average 155.80
Parabolic System 143.46
Lower Bollinger Band 136.99
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 174.78
Low Date 08/20/2026
High 191.36
High Date 08/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 176.67
Support 147.75
Low 139.11
Low Date 07/31/2026
High 191.36
High Date 08/21/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 160.60
Support 139.07
High 222.35
High Date 05/14/2026
Low 139.11
Low Date 07/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status
Resistance
Support
High 444.65
High Date 07/18/2025
Low 139.11
Low Date 07/31/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 617.86
Support 301.49
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.