COINBASE - IPO HAS GREAT POTENTIAL (LONG-TERM) ✨Newly released IPO with great potential ahead!
- In a new crypto age, everyone is just catching on and for those who did before have generated mass amounts of wealth catching the train before it left.
While the majority make their money from investing and trading, coin-base is guaranteed revenue from fees.
As the crypto world grows, so will the buyers and the interest so will the revenue for exchanges like coin-base however this one in particular is one of the biggest players in this game and is wildly popular across the United States.
- Technical analysis:
We have not seen much price action since this is a newly launched IPO, however with the current situation we can only work with what we have and the only way to see current price action clearly is by dropping to lower time fames like the 15m chart, due to this it lacks strength.
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Coinbaseanalysis
COINBASE Long term view targeting 500% gain I know i am being bit over optimistic on COINBASE . I think it very obvious that if Bitcoin goes up, the company revenue of Coinbase will also grow so also the price. If i compare with the price hike of MicroStrategy then around 500% gain is possible if the company operates smoothly.
*** This is just for educational purpose, not an investment advice. I am not a financial advisor, I am just sharing my own analysis.
Thanks for watching.
COINBASE LISTING (COIN) HUGE MOMENT FOR CRYPTO
Sector: Technology Services
Industry: Packaged Software
Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco
Where will it list?
Coinbase is set to go public on the Nasdaq under the ticker symbol “COIN” as a direct listing, meaning it isn’t raising new money, as a company would in a traditional IPO.
Coinbase is the Nasdaq’s first major direct listing, with Spotify SPOT , Slack Technologies WORK and most recently Palantir all opting to directly list at the NYSE.
Valuations?
Nasdaq assigned Coinbase a reference price of $250 a share on Tuesday evening, which values it at over $65 billion. On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price.
Coinbase, whose users primarily deal in bitcoin and ethereum, reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users.
Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.”
SUPPORT- $325, $305, $250
RESISTENCE- $350, $360, $380, $400, $450