COINBASE MONTHLY ANALYSISCoinbase Global, Inc. Class ABATS:COINASHxBILLIONAIRE# **COIN | Monthly Discount Reaccumulation Before Expansion? | ICT ConfluX Analysis** --- ## **Executive Summary** Coinbase (**COIN**) has completed a deep correction from its recent highs and is now trading inside a **high-probability Monthly OTE (0.618–0.786) discount zone**, supported by a **Monthly Bullish Fair Value Gap (FVG)** and a higher-timeframe Order Block. The recent **external sell-side liquidity sweep** followed by bullish reaction suggests institutions may be accumulating ahead of the next expansion phase. **Bias:** **Long-Term Bullish | Medium-Term Accumulation** --- ## **Market Narrative** After sweeping **external sell-side liquidity (SSL)**, COIN has entered a key institutional demand area where multiple higher-timeframe confluences align. Price is respecting the Monthly **OTE discount zone**, while the bullish FVG and Order Block continue to act as strong support. The current structure resembles a classic **reaccumulation phase**, where liquidity is engineered below key lows before price targets higher buy-side liquidity. Confirmation through a Monthly or Weekly Market Structure Shift (MSS) would strengthen the bullish thesis. --- ## **ConfluX Score** **Overall Institutional Confluence:** **9.1 / 10** ### **Confluence Breakdown** ✅ External SSL Sweep ✅ Monthly OTE (0.618–0.786) ✅ Monthly Bullish FVG ✅ Higher-Timeframe Order Block ✅ Discount Pricing ✅ Clear Buy-Side Liquidity Roadmap ⚠ Monthly bullish MSS still pending --- ## **Trade Plan** ### **Bullish Scenario** **Entry Zone** * Monthly OTE (0.618–0.786) * Bullish Monthly FVG * Higher-Timeframe Order Block **Profit Targets** 🎯 **TP1:** **$181.58** – IRL BSL / 6M High 🎯 **TP2:** **$222.20** – Q1 Internal BSL 🎯 **TP3:** **$262.82** – 6M Internal BSL 🎯 **TP4:** **$300.00** – IRL BSL / Bearish FVG 🎯 **TP5:** **$345.00** – Major Internal BSL 🎯 **TP6:** **$400.00** – 2026 High Liquidity 🎯 **Final Target:** **$429–445** – External Buy-Side Liquidity / Premium --- ## **Invalidation** A sustained Monthly close below the higher-timeframe demand and **$81** support would invalidate the current accumulation thesis and increase the probability of a deeper markdown. --- ## **Conclusion** COIN is trading within one of its strongest institutional accumulation zones, where a **Monthly OTE**, **Bullish FVG**, **Order Block**, and **External SSL Sweep** converge. If buyers continue defending this demand and a higher-timeframe Market Structure Shift develops, the stock offers a compelling asymmetric setup with upside targets extending toward **$429–445**, while maintaining a clearly defined risk below the accumulation range. > **Educational Disclaimer:** This analysis is for educational purposes only and reflects ICT/SMC concepts through the ConfluX framework. Always wait for confirmation and apply disciplined risk management before entering any position.