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COINBASE Bears in Control: More Downside Likely!COINBASE Short Trade Technical Analysis: Coinbase Global on the 15-minute timeframe shows a strong short trade setup, with TP1 already hit. The stock is trading below the Risological dotted trendline, reinforcing the bearish sentiment. Key Levels: Entry: 207.12 Stop Loss (SL): 213.68 Target 1 (TP1): 199.00 (Done) Target 2 (TP2): 185.87 Target 3 (TP3): 172.74 Target 4 (TP4): 164.62 Observations: The price remains under significant selling pressure, evident by its inability to recover above the Risological dotted trendline. With increasing volume on the down moves and resistance holding strong, the continuation of the downtrend appears highly likely. The structure suggests more downside as sellers maintain control, and buyers struggle to regain any meaningful momentum. Coinbase Global continues to look bearish after TP1, and the price action is aligned for further declines. Keep an eye on the lower targets as they are within reach, supported by the clear downward trend and weak buying attempts!
NASDAQ:COINShort
by ProfitsNinja
Coinbase Surges! Long Trade Hits All Targets – Bulls Drive GainsCoinbase has shown strong bullish momentum since the long entry at 168.72 on 11th October, reaching all designated profit targets. Key Levels Entry: 168.72 – The long trade was initiated at this level, supported by a bullish breakout. Stop-Loss (SL): 165.30 – Positioned below recent support to manage risk and guard against downside movement. Take Profit 1 (TP1): 172.93 – The first target was hit, confirming the strength of the upward move. Take Profit 2 (TP2): 179.76 – Continued buying pressure led to this level being reached. Take Profit 3 (TP3): 186.59 – The bullish momentum carried the price to this target. Take Profit 4 (TP4): 190.81 – The final profit target, signaling a successful trade completion. Trend Analysis The price remains well above the Risological Dotted trendline, affirming the strong uptrend. The sustained upward movement indicates solid market sentiment, which has driven the price through all target levels. The long trade on Coinbase has been highly successful, with all targets hit and the final level at 190.81 achieved. The trade's success showcases the power of the Risological Dotted trendline in guiding bullish entries and exits.
NASDAQ:COINLong
by ProfitsNinja
2
#BTCUSD/H4. What opportunities are there for BTCUSD and Bitcoin?BTCUSD long-term analysis: After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend. There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up. Recommended orders: Plan 1: SELL BTCUSD zone 64800-65000 SL 65300 TP 63300-62300-61000. Plan 2: BUY BTCUSD zone 60900-61100 SL 60600 TP 62000-65000-69000.
COINBASE:BTCUSD
by wetdyerap
New Class Action Lawsuit Filed Against Coinbase Stock Down 2.45%Coinbase Global ( NASDAQ:COIN ) and CEO Brian Armstrong are facing a class action lawsuit from complainants claiming that the company misled them into buying securities. The lawsuit argues that digital assets listed on Coinbase are securities, and they also allege that Coinbase Earn accounts violated securities laws by advertising and promoting for higher yields. The plaintiffs also claim that Coinbase ( NASDAQ:COIN ) admitted it is a "Securities Broker" in its user agreement, making digital asset securities sold by the exchange as investment contracts or other securities. The plaintiffs are seeking full recession, statutory damages under state law, and injunctive relief in a demand for a jury trial. The lawsuit is similar to other class actions and the SEC lawsuit. Coinbase ( NASDAQ:COIN ) has escalated its legal dispute with the U.S. SEC by filing an interlocutory appeal on the "investment contract" definition. Coinbase's CLO, Paul Grewal, believes that the exchange has a higher chance of victory as the SEC's interpretation of investment contracts doesn't align with Second Circuit and Supreme Court cases. Coinbase's interlocutory appeal is also critical for the Ripple Vs SEC lawsuit, as the SEC could appeal Judge Torres' ruling that programmatic sales of XRP are not securities. Technical Outlook Coinbase Stock ( NASDAQ:COIN ) was down 2.45% on Friday's market close trading below the 50-day Moving Average with a Relative Strength Index (RSI) of 48.39.
NASDAQ:COIN
by DEXWireNews
1
Coinbase Surges 9% as Bitcoin Resilience Ignites Crypto RallyAmidst Bitcoin's rebound past $70,000, Coinbase ( NASDAQ:COIN ) shares soar, reflecting renewed optimism in the cryptocurrency market. Coinbase ( NASDAQ:COIN ) shares have catapulted by over 9% in the past 24 hours, mirroring the resilience of Bitcoin ( NASDAQ:COIN ) as it bounces back above the $70,000 threshold. This surge in Coinbase's share price underscores the symbiotic relationship between the leading cryptocurrency exchange and the broader crypto market, which has witnessed a remarkable 61% rally in market capitalization since the year's inception. Trading above $278 per share, Coinbase's trajectory echoes the bullish momentum sweeping through the cryptocurrency landscape. Despite lingering below its all-time high of $342.98 set in November 2021, Coinbase's recent surge signals a renewed investor confidence amidst the backdrop of a rapidly evolving digital asset market. While U.S. stocks experienced a slight downturn on Monday, with major indices like the S&P 500 and the Dow Jones Industrial Average edging lower, Coinbase ( NASDAQ:COIN ) shares defied the broader trend, continuing their upward trajectory. This divergence underscores the unique dynamics at play within the cryptocurrency sector, where Coinbase stands as a bellwether for investor sentiment and market trends. Bitcoin's resurgence above $70,000 serves as a catalyst for both Coinbase and the broader crypto market, with the largest digital asset by market capitalization surging over 6% in the past 24 hours. As Bitcoin's price rebounds, market observers note parallels with gold, highlighting its qualities as a store of value and hedge against market volatility. Robert Mitchnick, Head of Digital Assets at BlackRock, likened Bitcoin ( CRYPTOCAP:BTC ) to gold at the recent Bitcoin Investor Day conference, emphasizing its historical correlation patterns with traditional assets. Mitchnick's remarks shed light on the evolving narrative surrounding Bitcoin's role in investment portfolios, challenging misconceptions about its risk profile and correlation with equities. As Bitcoin's rally reverberates across the crypto landscape, the GM 30 Index, representing a basket of the top 30 cryptocurrencies, has surged by 5.65% in the past 24 hours, further underscoring the widespread optimism and momentum within the digital asset market. In the midst of market fluctuations and evolving narratives, Coinbase ( NASDAQ:COIN ) emerges as a beacon of stability and opportunity for investors seeking exposure to the burgeoning cryptocurrency ecosystem. With Bitcoin leading the charge towards new highs and Coinbase shares soaring in tandem, the stage is set for a thrilling chapter in the ongoing crypto saga, marked by resilience, innovation, and boundless potential.
NASDAQ:COINLong
by DEXWireNews
Coinbase Goes deeper Coinbase Shatters Expectations: Here's Everything Investors Need to Know Trend bearish bullish breakout has to be confirmed,otherwise it will be a bulltrap that offers the oppurtunity to sell more the asset Bearish breakouts often confirmed strongly,the bearish trend continues Up against the world’s largest crypto exchange (Binance) and the largest publicly-traded crypto company (Coinbase), it’s likely Gensler is in for a fight. Coinbase CEO Brian Armstrong said months ago that the SEC was building its case, and, if it sued, the exchange would counter. SEC delays its recommendation on Coinbase petition The SEC told the court, though it hasn’t made a decision on Coinbase’s rulemaking petition yet, it may make a recommendation within 120 days. The SEC added that until and unless it decides to propose new guidelines, Coinbase must follow current law. It was only last week that the agency charged Coinbase and Binance with securities violations. The U.S. Securities and Exchange Commission (SEC) said it hasn’t made a decision on Coinbase’s rulemaking petition yet. However, its staff members think that it will make a recommendation within 120 days, i.e. four months. The regulator made these remarks while responding to a court order on whether it was taking any action on rulemaking as asked in Coinbase’s petition filed earlier, even as it was suing the crypto exchange for securities violations. Coinbase alleged in the court that the SEC has decided to reject the petition. The SEC said that this was not the case, though it thinks that it will make a recommendation within a period of 120 days. The agency also stated that its enforcement action against the crypto trading platform was not in conflict with any regulation decision. Until and unless the SEC decides to propose new guidelines, Coinbase must follow current law, according to the enforcement agency. On the other hand, the SEC argued that “statements by the Chair do not – and could not – constitute Commission action denying Coinbase’s rulemaking petition.” Any SEC decision would also need a majority of a quorum vote, the regulator argued. The SEC charged Coinbase last week, alleging that it was operating as an unregistered securities exchange, broker and clearing agency. A day before its action against Coinbase, SEC charged Binance, world’s leading crypto exchange, with similar allegations.
CAPITALCOM:COINShort
by DaveBrascoFX
1
Coinbase Q1 Earnings Highlights BUT I STAY SHORTTREND STRONG SELL I love the WALLSTREET: Everytime the reports are beyond the estimates of the Wallstreet I sell. My axxuacy is far beyond 75%. Why does it work? Everytime the news are released, the big boys have aleady taken profits, and now the gonna for better prices o better to make more money in the opposite direction. That is what I call the smart money I do not care if I like the name or the company or the product, when I trade. Emotions are your enemies,when trading. You heard expressions like Never catch a falling knife There is time to go long, time to go short and time to go fishing.” — Jesse Lauriston Livermore “Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes “Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.” – Jesse Lauriston Livermore “Someone will always be getting richer faster than you. This is not a tragedy.” – Charlie Munger “The trend is your friend except at the end where it bends.” — Ed Seykota What is a Falling Knife? A falling knife is a colloquial term for a rapid drop in the price or value of a security. The term is commonly used in phrases like, "don't try to catch a falling knife," which can be translated to mean, "wait for the price to bottom out before buying it." A falling knife can quickly rebound - in what's known as a whipsaw—or the security may lose all of its value, as in the case of a bankruptcy. Falling knife refers to a sharp drop, but there is no specific magnitude or duration to the drop before it constitutes a falling knife. A falling knife is generally used as a caution not to jump into a stock or other asset during a drop. Traders will trade on a sharp drop, but they generally want to be in a short position and will use technical indicators to time their trades. What a Falling Knife Tells You The term falling knife suggests that buying into a market with a lot of downward momentum can be extremely dangerous—just like trying to catch an actual falling knife. In practice, however, there are many different profit points with a falling knife. If timed perfectly, a trader that buys at the bottom of a downtrend can realize a significant profit as the price recovers. Likewise, piling into a short position as the price falls and getting out before a rebound can be profitable. Moreover, even buy and hold investors can use a falling knife as a buy opportunity provided they have a fundamental case for owning the stock. That said, there is a very real risk that the timing will be off and there could be significant losses before any gains. So many traders still pay lip service to the adage. Instead of trying to "catch the falling knife," traders should look for confirmation of a trend reversal using other technical indicators and chart patterns. An example of a confirmation could be as simple as waiting for several days of upward momentum after the fall or looking at the relative strength index (RSI) for signs of a stronger uptrend before buying into the new trend. CONCLUSION: The trend direction is short! BASTA! The short volumes are high what means more selles are enthusiastic to risk more money in short direction. Fundamentals: Although the Q1 reportings where positive the market paticipants have not been enthusiastic. No bull volume, no, new Higher Hihs. Instead the market did the opposite: Wallstreet went short. IF THIS IS BEYOND THE ESTIMATES:THEN I decide to sell more on weakness.
CAPITALCOM:COINShort
by DaveBrascoFX
1
Coinbase: A year in review on the NasdaqCoinbase (NASDAQ:COIN), the cryptocurrency exchange platform that is facing a class action lawsuit over its alleged listing of unregulated securities, on Wednesday fell 43% from its peak since it went public on the Nasdaq stock exchange nearly a year ago. The stock is down 21% from the reference price of $250 set by the Nasdaq when it debuted in April 2021. The IPO valued Coinbase at $49.8 billion and marked the first major cryptocurrency company to go public on a US stock exchange. However, Coinbase’s stock price has since swung to as low as $160 earlier this month amid the volatile cryptocurrency market, uncertainties over regulations on digital currencies and a massive class action lawsuit over its alleged sale of securities not registered with the US Securities and Exchange Commission. The lawsuit alleges that Coinbase, since October 2019, has been letting customers trade 79 cryptocurrencies without disclosing that they are in fact securities. Coinbase in numbers Coinbase, established in 2012, allows users to trade cryptocurrencies like Bitcoin and Ether in exchange for a transaction fee. Last year, the platform’s monthly transacting users quadrupled from 2020 to 11.4 million. The company raked in $7.36 billion in revenue in 2021, up 545% from $1.14 billion in 2020, while net income soared elevenfold to $3.62 billion from $322 million. Coinbase attributed its strong performance to the booming crypto market. The market capitalization of cryptocurrencies over 2021 surged threefold, closing at $2.3 trillion, but down from a peak of $3.1 trillion in November 2021. Bitcoin’s market cap by 2021-end hit almost $1.3 trillion. Tied to Bitcoin price As a cryptocurrency exchange, Coinbase’s stock performance is tied to the price of Bitcoin and other major digital currencies, which means that if crypto markets collapse, it would likely hammer Coinbase’s stock price. Both Coinbase and Bitcoin reached their peaks in November 2021. Bitcoin traded near $70,000 at the time but has since fallen to around $45,000 in recent months as traditional investors appear to shun digital assets. Regulatory woes Although Coinbase as a listed exchange platform is regulated by US laws, cryptocurrencies still have a long way to go in terms of regulations. In the US, the Biden administration recently issued an executive order directing the government to come up with a plan to regulate cryptos, but in Europe, the market is headed for tighter regulations as lawmakers are set to introduce new laws to curb suspicious transactions, among other reasons. In a blog post on Monday, Coinbase’s Chief Legal Officer Paul Grewal said that if adopted, the EU’s planned crypto laws would "stifle innovation”. The new Coinbase marketplace Despite the crypto downturn this year and potentially tighter regulations, Coinbase remains bullish on digital assets, hinting at plans to launch its new marketplace for NFT or non-fungible tokens “soon”. Coinbase NFT will allow users to buy, sell and check out NFTs through a peer-to-peer marketplace. “What we liked right now and we’re observing the market is that NFT volume and price appear less correlated with other crypto assets,” Coinbase CFO Alesia Haas told analysts during the company's earnings call last month. The company’s NFT plans could usher in a new revenue stream for Coinbase amid the volatility in cryptocurrencies. Needham equity research analyst John Todaro expects Coinbase’s NFT ambitions would add an additional $1.26 billion in revenue for the company.
NASDAQ:COIN
by BlackBull_Markets
1
Coinbase in a Descending TriangleCoinbase - Short Term - We look to Sell at 193.04 (stop at 207.65) Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 200.00. The primary trend remains bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 137.94 and 129.55 Resistance: 200.00 / 220.00 / 250.00 Support: 160.00 / 120.00 / 100.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:COINShort
by Saxo
2
SYS BTC - Multi-Year Resistance Knocked Out, Bullish ConvergenceBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin, making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020. SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH. Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
Long
by Goldsworth