$COIN Is Coiling at a Critical Level Here's the Full PictureCoinbase Global, Inc. Class ABATS:COINImmaculateTonyThe most important structure visible here is a massive descending wedge formed from the 2021 peak (~$368) down through 2022 lows and beyond. Price has been compressing between a falling resistance line and a rising support line (the green EMA/trend). This is a textbook bullish compression pattern price has been squeezed into a coil near the apex. Current price (~$186) is sitting right at the confluence of the rising support and the long-term weekly EMA (200) a critical zone. The Medium-term Weekly (top left): A shorter descending wedge is also visible from the mid-2025 peak (~$444). The red descending channel is narrowing fast price has broken into the lower half of this structure but the Anchored VWAP from highest volume (teal) is acting as near-term magnetic support right around $186. The EMA(200) on Weekly (green line) is rising and aligns with current price it's held as support. RSI(14) on weekly is hovering around 40 not oversold, but approaching territory where long-term buyers have historically engaged. Daily Chart: Weinstein Stage Analysis shows COIN transitioning it was deep in Stage 4 (decline) through late 2025/early 2026 but the SMA(30) is beginning to flatten. Stochastic is cycling from low levels. Fibonacci levels show $186 as a 38.2% retracement zone, with $139 as the next major support below. Key Levels: 🔴 Resistance: $254 → $325 → $402–$444 (major supply wall) 🟡 Support now: $186–$175 (critical zone VWAP + 200EMA confluence) 🟢 Hard floor: $137–$139 (Weekly Fib + EMA)