COIN | Weekly Structure | Triangle Breakout Into the 200WMACoinbase Global, Inc. Class ABATS:COINmaratteoThesis: COIN has completed a three-wave correction below the 0.618 Fib and 200-week MA and has now broken out of its corrective structure. After a move of roughly 30% in one week, price has reclaimed the 200-week MA around $190 and, for now, flipped it from resistance into support. The next question is simple: can it hold? Context - Weekly timeframe - Three-wave corrective structure appears complete - Price moved below both the 0.618 Fib retracement and 200-week MA during the correction - The recent breakout has taken COIN out of its triangle structure - Our current average is around $155 - COIN remains one of our main ways to participate in a stronger long-term crypto cycle What I see - Price has broken above the upper trendline of the corrective triangle - The breakout produced roughly a 30% move in one week - The 200-week MA around $190 has now been reclaimed - That level has flipped from resistance to support for the first time in this move - The next important resistance sits around the Bull Case line near $204 - Above that, the 50-week MA around $219 becomes the next major structural test What matters now - The key is whether buyers can defend the 200-week MA around $190 - Holding this level would confirm that the breakout is gaining structural strength - A break above $204 would clear the next important resistance - Reclaiming the 50-week MA around $219 would strengthen the bullish case further - After such a fast move, some consolidation or a retest would be completely normal Buy / Accumulation zone - Our current average is approximately $155 - My preferred add zone remains $160-170 - After a 30% move in one week, I have no reason to chase price - A pullback into that area while the broader structure remains intact would give me another opportunity to build the position - If the 200-week MA holds and crypto remains strong, I also understand investors choosing to start a position at current levels Targets - Target 1: approximately $400 - Target 2: approximately $800 - Target 3: approximately $950 Execution note COIN has not moved in sync with the broader equity market. It went through its own correction, completed a three-wave pullback and traded deeply below its long-term average while the major indices were much stronger. We have already seen how important the 200-week MA can be for COIN. The April 2025 test came before a very large move higher, which is why this reclaim matters. Our portfolio is managed by trimming profits as important targets are reached and adding exposure back during meaningful pullbacks. With an average around $155, the priority now is not to chase the move. It is to see whether $190 can establish itself as support and let the structure develop from there.