Coinbase Stock (COIN) Builds an Ascending Triangle
Buyers have shown up at higher and higher prices since February, but sellers keep capping the move at around $215. Here’s an ascending triangle pattern on Coinbase stock – and the resolution might come on Thursday when the company reports earnings.
How the ascending triangle works
An ascending triangle is a bullish compression pattern. The price grinds higher from the bottom but keeps hitting the same ceiling at the top. Each pullback gets shallower as buyers step in at higher prices. Sellers keep showing up at the same level. Eventually one side breaks – and more often than not, it’s the buyers that win.
As the chart shows, Coinbase has an ascending triangle pattern right now. This one uses daily price candles. The lows have climbed: 12 February ($139.36), 30 March ($158.46), 10 April ($163.13), and 29 April ($177.62). And the upper ceiling has barely moved: 5 March ($213.50), 17 March ($213.47), and 17 April ($216.05).
If Coinbase breaks above $215 on a daily close, that would resolve the pattern to the upside in my books. You can then work out the “measured move target” of the ascending triangle like this. First, you take the widest part of the pattern (blue line). Second, you move it on top of the possible breakout point.
That would put COIN near $280 – which also lines up with its December 2025 high.
A daily close back below the last low of the triangle ($177.62) would probably favor the bears more.
Earnings on Thursday could be the catalyst
Coinbase reports Q1 2026 earnings on Thursday, May 7, after the US market closes. Analysts expect revenue of around $1.5 billion and profit of about 36 cents per share. That would be well below last year’s results, with crypto trading volumes down across the board.
But those analysts have set the bar low. So it may be easier for the stock to react better than expected.
As usual, none of this is investment advice. I can be wrong, just like everyone else. To learn how to invest using ascending triangles, check out our Compression Patterns Explained guide.
