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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- 7/10/2026 -
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Coinbase Global (COIN) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversoldWeekly  MACD line has moved above its signal lineTrend resistance at 159.03
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Coinbase Global (COIN). During the week, the COIN dropped -6.41 points, or -3.87%, and closed at 159.07 on Friday, July 10, 2026. Weekly volume was -49% 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 uptrend support line (291.97) 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 139.18 on June 26, 2026. COIN lost 305.47 points, or 68.70%, in 49 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (159.03). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 26, 2026 at 139.18 and reached 173.09 on July 2, 2026. COIN gained -33.91 points, or -24.36%, in 6 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 153.22 and resistance is at 207.51. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 June 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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) 47.10
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 66.02
Greed/Fear Indicator (GFI) 62.27
Moving Average Converg./Diverg. (MACD) -5.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.39
Williams' Percentage Range (W%R) 66.90
Lane's Stochastic (%D-Slow) 17.99
Oversold
Greed/Fear Indicator (GFI) 32.57
Moving Average Converg./Diverg. (MACD) -21.24
Trading Signals
Description Value Chart
Upper Bollinger Band 176.43
50 Day Moving Average 175.13
Parabolic System 169.30
Daily Stochastic Crossing 160.97
20 Day Moving Average 159.19
Price 159.07
Quarterly Trendline Resistance 159.03
Weekly Stochastic Crossing 155.92
Weekly Trendline Support 153.22
Monthly Trendline Resistance 152.63
Lower Bollinger Band 146.28
Monthly Trendline Support 133.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 173.09
High Date 07/02/2026
Low 154.78
Low Date 07/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 207.51
Support 153.22
Low 139.18
Low Date 06/26/2026
High 173.09
High Date 07/02/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 152.63
Support 133.59
High 222.35
High Date 05/14/2026
Low 139.18
Low Date 06/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 159.03
Support 11.77
High 444.65
High Date 07/18/2025
Low 139.18
Low Date 06/26/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 598.90
Support 291.97
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.