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Coinbase: ResistanceSo far, Coinbase was unable to decisively break above the resistance at $341.50. Our primary expectation is that the stock should soon make a significant move above this level, as we anticipate the peak of the ongoing wave in magenta well above it. However, our 33% likely alternative scenario suggests that the stock may have just completed the high of the corrective wave alt.(b) in blue. In this case, it would be moving toward the conclusion of the magenta wave alt. between the supports at $160 and $70.76.
NASDAQ:COIN
by MarketIntel
COIN: NOW IS TIME TO BUY, NOT LATERNASDAQ:COIN COIN: NOW IS TIME TO BUY, NOT LATER Pullback levels are so important because they allow you to understand what is happening to the stock you are trading or investing in. Typically when a stock pulls back and peoples gains begin to deminish or losses begin to mount they let emotions take over and guide their finger to the SELL button. But, as you can see on the chart and if you watched my don't FOMO into Coinbase video, you know that 80-90% of breakouts retest and we need to wait for that to happen before entering or adding to our position. I present to you the pullback with levels: I'm 1/2 into my trading position at this time. Lvl 1: The cup and Handle breakout point once resistance turned support - $283 Lvl 2: Price GAP fill at $273.50 These are the levels to watch and buy if you want into this trade. All indicators are still BULLISH and we still have a #HIGHFIVESETUP See previous video attached to this post if you missed the full thesis. Like l Follow l Share
NASDAQ:COINLong
by RonnieV29
COINBASE Surges as Bitcoin Breaks $71,000! Next Price Target?Analysis of Coinbase (COIN) - 15m Timeframe Trade Setup: Coinbase has shown a significant uptick as Bitcoin surged past the $71,000 mark, triggering a bullish entry point at $214.90. Volume and Momentum: Current trading volume stands at 10.46M, surpassing the 30-day average of 9.32M, signaling strong interest and momentum. Technical Levels: Entry: $214.90 Target 1 (TP1): $221.45 Target 2 (TP2): $232.06 Target 3 (TP3): $242.66 Target 4 (TP4): $249.21 Stop Loss (SL): $209.60 Catalyst: Bitcoin’s recent price surge has positively influenced Coinbase’s stock, aligning with its correlation to crypto trends. The upcoming earnings report in 2 days may add further volatility, providing potential upside if positive results are announced. Conclusion: This entry marks an opportune moment to capitalize on Coinbase's rally tied to Bitcoin’s performance. Traders should watch the earnings announcement closely as it could propel the stock further, potentially reaching the set targets.
NASDAQ:COINLong
by ProfitsNinja
2
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
Coinbase (COIN) Set to Report Q2 Result Tomorrow: What to ExpectCryptocurrency company Coinbase (NASDAQ: NASDAQ:COIN ) is set to report its Q2 earnings tomorrow after the bell. As one of the leading platforms for buying, selling, and managing cryptocurrency, Coinbase's performance is closely watched by investors and analysts alike. Here’s a detailed look at what to anticipate from the upcoming report. Recent Performance In the last quarter, Coinbase delivered impressive results, surpassing analysts' revenue expectations by 19.4%. The company reported revenues of $1.64 billion, marking a 112% year-on-year increase. This strong performance also saw Coinbase exceed earnings per share (EPS) estimates, signaling a solid quarter for the cryptocurrency giant. However, it's worth noting that monthly active users (MAUs) fell by 4.8% year-on-year, totaling 8 million. Expectations for Q2 For this quarter, analysts are predicting a continuation of strong revenue growth, with an expected increase of 92.8% year-on-year to $1.36 billion. This anticipated growth reflects a reversal from the 12.4% decline experienced in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share, which would mark another solid performance for Coinbase if met. Analysts’ Consensus Over the past 30 days, analysts covering Coinbase ( NASDAQ:COIN ) have largely reconfirmed their estimates, indicating a belief that the company will stay on course heading into its earnings report. However, it's important to consider that Coinbase ( NASDAQ:COIN ) has missed Wall Street's revenue estimates twice over the last two years, adding a layer of uncertainty to the upcoming results. Peer Performance Examining Coinbase's peers in the consumer internet segment offers some insight into broader industry trends. Pinterest reported a year-on-year revenue growth of 20.6%, meeting analysts' expectations, while Netflix saw revenues rise by 16.8%, also aligning with consensus estimates. Despite these positive results, Netflix's stock traded down 1.5% following their earnings announcement. This mixed reaction from the market could be a sign of cautious investor sentiment. Market Sentiment In general, investor sentiment in the consumer internet segment has been positive, with share prices up 2.5% on average over the last month. However, Coinbase's stock price has remained unchanged during the same period. As the company heads into its earnings report, the average analyst price target for Coinbase stands at $257.8, compared to the current share price of $224.22. Challenges Ahead: FCA Fine A significant issue looming over Coinbase ( NASDAQ:COIN ) is the recent fine imposed by the Financial Conduct Authority (FCA), a U.K. financial regulator. On July 25, 2024, the FCA announced that it had fined Coinbase's U.K. unit, CB Payments Limited (CBPL), approximately $4.5 million. The fine was issued for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. The FCA cited a lack of due skill, care, and diligence in the design, testing, implementation, and monitoring of the controls put in place to prevent such violations. This regulatory setback could impact investor sentiment and pose a challenge for Coinbase as it navigates its compliance obligations and works to restore its reputation. Technical Outlook Coinbase stock ( NASDAQ:COIN ) has experienced a notable increase of 5.5% in the pre-market trading session on Wednesday. This rise in stock value reflects a strong and positive sentiment among investors as they anticipate the upcoming Q2 financial reports, which are scheduled to be released tomorrow. The excitement surrounding these reports suggests that a robust earnings performance could potentially propel the stock price of NASDAQ:COIN towards the significant resistance level of $250. Conversely, if the earnings report falls short of expectations, it could result in a decline, pushing the stock down to the support area around $202, which is notably below the recent one-month high that the stock had achieved. In terms of technical analysis, the Relative Strength Index (RSI) currently stands at 45. This level indicates a state of balanced momentum between bullish and bearish sentiments in the market as traders and investors await the Q2 results. It's important to note that such anticipation can sometimes lead to gaps in stock prices, reflecting the uncertainty and volatility that often accompany earnings announcements. As the market prepares for this critical information, both sides are poised to react based on the outcomes, which could significantly influence the stock's trajectory in the near future. Conclusion As Coinbase prepares to report its Q2 earnings, investors and analysts will be watching closely to see if the company can continue its strong performance from the previous quarter. While expectations are high, the recent FCA fine adds a layer of complexity to the company's outlook. Despite these challenges, the overall positive sentiment in the consumer internet segment and the reaffirmation of analysts' estimates suggest that Coinbase remains a key player to watch in the cryptocurrency space. Stay tuned for the earnings report tomorrow after the bell, as it will provide crucial insights into Coinbase's performance and future prospects in a rapidly evolving market.
NASDAQ:COINLong
by DEXWireNews
Coinbase Textbook Bottoming Pattern Found Hi Guys! This is a Technical Analysis of Coinbase (COIN) on the 1 week timeframe. As you can see we have drawn out a Inverse Head & Shoulder Pattern forming in COIN. This is a textbook pattern as it follows to the t the necessary criteria both in price action and volume. Stages of the Price Action Downtrend to form Left Shoulder The rally from Left Shoulder does not breach the Neckline Downtrend from peak of rally to form Head The rally from the Head also does not breach the Neckline Downtrend from Peak of rally to form Right Shoulder The rally from the Right Shoulder breaches the Neckline A Return move from the breakout back to Neckline -> This stage we are currently playing out Volume Signs of Textbook Inverse Head & Shoulder 1. Left Shoulder has taller volume bar (higher volume) than Head Volume 2. Lighter volume or shorter bars seen for Head than Left Shoulder 3. The rally from Head to Right Shoulder has increasing volume that exceeds volume of the rally from left shoulder to neckline 4. DOwntrend to Right Shoulder -> shows a declining volume bar height / declining volume 5. Sharp Spike on Volume during rally from Right Shoulder to Neckline breakout 6. Declining Volume during current move, the Return Move Thoughts: Both times we rallied from the shoulders we reached a Resistance zone and got rejected. I believe we are currently in the "Return Move" to test the Neckline as Support -> The areas i am looking is: 1. 0.5 FIB Level, this is also where the 21 EMA converges so a Support zone to watch This area is important because it is the "Golden Zone" for FIB, as well as where the 21 EMA is at. This makes this area a place to observe for potential bounce. Though i believe this to be short lived. 2. Testing Support on the NECKLINE SUPPORT line 3. This one is least likely but nevertheless still possible, the 0.382 FIB Level, a potential scenario being a WICK down from testing support on Neckline After testing these levels i believe that Coinbase will start its Bull run where it has tremendous growth in market cap A first target would be breaching the Resistance zone and confirming it as Support. Take a look for yourself. Experts let me know what yall think! Stay tuned for more updates on COIN in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COINLong
by SafofAllTrades
2
Coinbase in a correction, the levels to look atHi guys! This is a technical analysis on Coinbase (COIN) on the 1 Week timeframe. On the week of July 10th, we ATTEMPTED to try and break through the $116 ish level, which is the level where our GREEN rectangle Resistance zone begins. BUT got rejected and have been in a DECLINE for about 4 weeks including this week. Note: This weeks candle has not yet closed and we have to wait till end of week. Notice the 2 RED circles, highlighting 2 seperate times where we tested the MAJOR RESISTANCE ZONE. -> This can very well be a DOUBLE TOP. -> Which can support a continuation of the downside action. We are currently TESTING SUPPORT at the upper border of my BLACK rectangle zone This coincides with the 0.618 FIB level or the $84.07 level. Since we havent closed yet, watch how we react here -> with a potential of price bouncing to the upside. If we end up below, and in the coming weeks CONFIRM below: Our next level will be the 0.5 FIB Level, which is at 73.99 Here the 21 EMA also converges at this point This could be a STRONG SUPPORT zone due to the confluence of 2 SUPPORT levels. This could then be a BUY ZONE, area to Scale in. We can also look to the 0.382 FIB level or $63.91 This level converges with the RESISTANCE Turned SUPPORT line from the price top. This is another level, provided the 0.5 FIB level fails to hold -> WHere you can add BUY ORDERS STOCH RSI indicator -> Had a BEARISH Cross and we are currently below the 80 level. If we continue down, we can reach and stay below the 20 level for some time. This normally leads to PRICE DECLINES. Wave trend oscillator -> We have reached at area where the GREEN line is starting to show curvature to the downside. If it continues this pattern, itll add to the probability of price DECLINES. Finally the RSI - Watch how the Orange line interacts with Black line, if Orange crosses below -> it normally indicates that we are in a price decline. "COINCLUSION" (See what i did there, lol): The Week of July 10, we attempted to test resistance to enter the GREEN REsistance zone, to only meet with REJECTION. This had lead to a correction in COIN, moving us to test the 0.618 FIB level. The area which converges with our Upper border of Black Rectangle/ Resistance turned Support. This area can be a place where we could bounce in price to try and reclaim the 0.786 FIB level. But if we cant HOLD 0.618, our next level will be 0.5 FIB level. This area due it being a strong support zone, can be an ENTRY point for potential trades or scaling in/ DCA'ing. Worst case is below that level at the 0.382 FIB level, which can also be a 2nd BUY ZONE. We would like to be ABOVE the 21 EMA though, to maintain the Bullish case. Always make sure to wait for confirmation before placing BUY orders. For example: if we confirm SUPPORT above 0.618, we can have a potential bounce back to the 0.786 FIB level. So you wouldn't short but Long. Stay tuned for more updates on COIN in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COIN
by SafofAllTrades
COIN is testing for pressureCOIN is testing for pressure This chart shows the weekly candle chart of Coinbase stocks in the past two years. The graph overlays the high points at the end of 2021 against the golden section. As shown in the figure, Coinbase stock broke through the upper edge of the current fluctuation range from May 2022 two weeks ago, and confirmed by stepping back at this position this week! And this position also happens to be at the 2.000 position of the golden section in the figure, so the strong pressure above the Coinbase stock is at the 1.618 position in the figure!
NASDAQ:COIN
by Think_More
COINBASE is testing for strong pressureCOINBASE is testing for strong pressure This chart shows the weekly candle chart of Coinbase stocks over the past two years. The figure overlays the high points of November 2021 and the golden section below them. As shown in the figure, the low points of Coinbase in May 2022 and January 2023 are both supported by the 2.382 level of the golden section in the figure. The double bottom pattern has been formed, and the future is likely to rebound strongly upwards! The strong pressure above is at the 1.618 position of the golden section in the graph, and the recent long short split is at its highest point this week, also at the 2.000 position of the golden section in the graph!
NASDAQ:COIN
by Think_More
COINBASE - POssible Trend Reversal in play?Hi guys! So something ive been monitoring for some time now is Coinbase. Ive been extremely excited on Crypto since 15k - 20k range, in the hunt for potential bottoms. As ive missed the previous cycle bottoms in crypto. Anyway what im trying to get at is, BTC reclaiming the 30k level will show even stronger evidence that we are in fact in a BULL MARKET. This means that stocks related to Bitcoin will also be impacted. And COIN in a pure technical analysis point of view is showing great evidence of a bottom formation and trend reversal. Lets jump in! Firstly, lets take a look at price action: Firstly, lets acknowledge our MAJOR bearish resistance trend line depicted in RED. This line has acted as resistance since the top in November 2021 and has pushed the price down to our lows and this range (white rectangle). Notice the red circles, which shows price being rejected off this line. This shows how powerful this line has been depicted in the history of the price action. So breaking above it and maintaing support would be indicative of a reversal in trend, in my opinion. Now notice the ORANGE resistance trend line. This trend is since August 2022 and indicates an intermediate resistance trend that also worked to push price down. Another Resistance trend is the YELLOW trend line, from January of 2023, that acted as a short term resistance. The upper rim of the white rectangle is also a crucial area to watch. From $64 to $84 is a heavy resistance area that needs observation. If we get above $84, getting to $160 is easy play as theres no price structure above $84. This analysis is on the weekly timeframe. So we need to see what happens on the close of friday. But we are currently in the process of breaking through the RED and YELLOW resistance trend lines. Though its possible this week pushes us down again. A double bottom can be at play which would be extremely BULLISH. Its IMPORTANT to note -> More we touch trend lines, the weaker they get! And the Structure seen by WHITE rectangle, indicates a consolidation area and possible bottom of COIN. Now lets take a look at some of my indicators: 1. Notice the light PURPLE moving average, the 21 weekly EMA. Notice how we've been battling this line and ow moving above it. This becoming support and staying above will be supportive of trend reversal. 2. RSI -> notice how we have lower highs. If we break above the upper white line drawn, and create a higher high. This will support trend reversal. Ill be observing this. 3. Wave Trend Oscillator - Notice the GREEN arrows. You don't even need knowledge of what these indicators depict, visually you can get so much out of them! Check how when the green line is on top of the red dots, price moves up..... Check our current progress, we are currently showing similar pattern. This can mean trend change. CONCLUSION: Though as of today, its still premature to say that we will be breaking trend at the end of this week. I believe there is evidence to state that its the time to be watching COIN. If we are above these lines come the friday close of weekly candle, next couple weeks would be important and places to watch for buying positions. However, if you see rejection it is possible that we go down lower, possible to the lower rim of the WHITE rectangle. That would be a double bottom play, and potential area where i buy large positions. My opinion within this WHITE rectangle range, solid area to DCA. Its also important to remember to watch BTC prices, if prices stays above 30k, the case for crypto stocks also becomes bullish, in my opinion. ALl in All, Hope this helped. If you liked my analysis, please do help me out by boosting and if you like TA info and direction please follow and or check out my other ideas. Also, let me know what you think by commenting! DISCLAIMER: This is not financial advice, i am not a financial advisor. This is strictly my opinions and for educational purposes. When trading/investing please do work to make your own strategies, never listen 100% to other people. Also always practice strong risk management strategies and use stop losses! Thank you!
NASDAQ:COIN
by SafofAllTrades
COINBASE stock (280% gains if you're patient) NEW analysisCOINBASE stock looks great. Falling wedge broke out bullishly and what we saw on 13 and 14 of February was creation of higher low and support retest. Target 1 is at 114$ . It's a technical target from the bullish falling wedge pattern. Target 2 is for patient investors/swing traders as it may take some time to get it. At 205$ most likely we will see a trend reversal and heavy sell pressure as it's a strong resistance. We are bullish on COIN in Q1 and Q2 2023. Good luck
NASDAQ:COINLong
by vf_investment
9
Coinbase touches SMA resistanceCoinbase's stock (COIN) advanced in the intraday levels after announcing plans to let go of 950 employees in a step to reduce costs, especially in the crypto sector, with severance package and other costs of the termination estimated at $163 million, with the stock tumbling 12.96% in the last session, or 4.96 points, settling at 43.23, with trading volumes surpassing 24.4 million shares, above 10-day averages of 13.6 million shares. Technically, the stock is trying to regain some recent losses, touching the 50-day SMA, while retesting the resistance of 40.83, as the RSI reached overbought levels compared to the stock's movements. Therefore we can expect the stock to return lower, targeting the support of 20.20, provided the resistance of 40.83 holds on.
NASDAQ:COINShort
by eltonmorningstar
Coinbase - small bounce before the dump (1h timeframe trade)The price moves in the channel . At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago: Conservative target was already reached. You can long it now or short it at the resistance. Targets are shown on the chart Good luck
NASDAQ:COINLong
by vf_investment
10
COIN Coinbase: Where Is It Headed?Hello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange. Please review the chart as it is self explanatory. The overall pattern is a bearish one so there is concern for potential downside. Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), MACD, and Fibonacci Retracement. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Have you read my recent Bitcoin chart and analysis on finding the bottom. See below: Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:COIN
by MillionaireEconomics
3
COIN- Fundamental and technical analysis****NOT THE INVESTMENT ADVICE**** I'm neutral in my assessment. Please do your own due diligence. In this analysis, I leave out external and macro factors such as crypto adoption and regulatory concern. Rather, I want to focus on things Coinbase can control. Main points- To start off, I believe Coinbase has the bright future and its biggest risk is the execution risk. However, in order for it to succeed, few conditions need to be fulfilled. ***The big bets need to take off (NFT market place, potential derivative offerings & Dapp marketplace and Coinbase wallet). When they do, the subscription and service revenue would go up and the decoupling may happen (crypto market price crash will have less effect on the COIN price) or at the very least Coinbase will be less dependent on the trading revenue, which currently accounts for 87% of the total revenue). ***NFT marketplace must take off next year- Both FTX and Binance have tried, but they failed to win the significant market share from OpenSea. What other strategies does Coinbase have to win market shares from OpenSea other than enhanced social features and trading fee waiver when the overall pie isn’t growing? (NFT trading volume and floor price are trending lower) ***Coinbase wallet must acquire more market share- How can Coinbase monetize the wallet when the market-leader MetaMask is provided for free? The success of Coinbase wallet is essential so Coinbase doesn’t become just another fiat on-ramp provider. It’s also instrumental to Coinbase’s overarching strategy of becoming all-encompassing platform where users can access all crypto-related activities. ***How to extract more revenue from institutional investors? Any strategies to increase the custodial fee and commerce fee? The upside- Cardano staking- Most of the subscription and service revenue come from the blockchain reward and the blockchain reward itself is consisted of mostly staking revenue. Cardano staking may further boost the blockchain reward revenue when it’s already the second biggest revenue source for Coinbase. Coinbase is focusing on its long-term vision- DeFi, Protocols+Web Infra and NFT/Mertaverse account for 60% of Coinbase’s ventu res portfolio. This is important as most major use cases in crypto ecosystem come from DeFi, NFT and DAO space. Still the most trusted brand with advanced and industry-leading security features. It has the security infrastructure and regulatory compliance advantage against international competitors such as FTX and Binance. While against domestic competitors such as Gemini and Kraken, it has the crypto offering advantage. Strong balance sheet enables Coinbase to acquire competitors during the crypto winter. Most of its long-term debts are convertible notes with the earliest maturity date in 2026. Still the leader of regulated U.S exchanges based on the spot volume, around 46% in 2021. Coinbase has recently become the first-ever crypto firm to join the Fortune 500 list of the largest U.S. firms by revenue. One caveat is that there are no strong barrier and switching cost that would prevent Coinbase customers from going to another exchange. More sustainable moat can be achieved if Coinbase can create a platform that provides all-access to crypto activities, realizing its long-term vision of becoming the Amazon of crypto services. Problem diagnosis- Verified user, trading volume, MTU and ATRPU are the most important metrics to watch out for in addition to other common financial metrics. The persistent theme is that the the declining trade volume and MTU (Monthly transacting users) are hurting Coinbase. Trading revenue accounts for 87% of overall revenue, the rest in subscription and service revenue, mostly in blockchain reward from staking. Retail only accounts for 23% of trading volume, but it accounts for 95% of trading revenue- Retail actually pays 14x the fee compared to institutional. Not much revenue is generated from institutional clients even though they dominate the trading volume because they receive deep discount for executing large trade, bringing in the flow, proving liquidity and acting as market makers. As soon as there’s some regulatory clarity, trading fee erosion can happen when bigger financial institutions and banks decide to enter the space, leading to the race to the bottom effect. Decline in retail trading volume while Institutional trading volume actually went up during the same time- Altcoins now account for fully 55% of transaction volumes and they are likely contributing to the rapid decline of retail transaction volume. Retails trade a lot of altcoins during the bull market and they stop trading altcoins in bearish market or when the volatility is low. Institutionals, on the other hands, trade mostly in Bitcoin and Ethereum and their trading volume is less affected by the market downturn. One could argue that this is the downside of adding more risky assets on the platform as it adds more volatility during the bear market, though these same assets flourish and bring in a lot of revenue during the bull market. Therefore, it’s a double edged sword. Increase in verified users and MTU may not translate to increase in ATRPU- Increasingly, users are engaging in more non-trading activities such as yield-generating staking which generates far less revenue than high-fee trading activities. This is not necessarily a bad thing as Coinbase has always been pushing for a more diversified revenue stream.
 In summary, Coinbase will likely continue to have more verified users, but even if those verified users become MTU, it may still experience the decline in revenue and ATRPU because of the decline in retail trading volume, trading activity and trading fee unless Coinbase can somehow find ways to extract more revenues from institutional clients and increase the percentage of the subscription and service revenue in total revenue. The downside- Weakening guidance as the company anticipated further decline in trading volume and MTU in 2022 Horizontal analysis revealed that Equity-Based Compensation (EBC) and SG&A ballooned while revenue suffered this quarter, leading to the weakening operating leverage. This concern is somewhat addressed during the recent 18% layoff as Coinbase aims to keep the EBITDA loss around 500 mil in the face of decline ATRPU, NOPAT and FCF. Impairment cost rule means Coinbase could suffer more non-cash loss on its crypto asset investment in the near future if the market selloff triggered by the Terra/Luna debacle and over-leverage unwind continues. Despite the strong balance sheet, customer custodial funds account for nearly 50% of the total asset, making Coinbase susceptible to the potential bank run risk. Coinbase recently filed shelf registration statement with the SEC. Just a minor concern as It has no intention to issue any new stocks anytime soon. Structural and ecosystem risk- Coinbase has strong interdependent and venture capital relationship with many crypto firms it invests and supports in its venture portfolio. Any insolvency and liquidity issues these firms experience during the prolonged bear crypto market could potentially have the negative impact on Coinbase’s operation. In summary, Coinbase has never been hit by bad macro environment and crypto downturn at the same time. In order for it to navigate through the current bear crypto market, Coinbase needs to apply the combination of financial prudence and execution nimbleness while making sure the development of high-priority product and service can continue unaffected.
NASDAQ:COIN
by Libratus
1
Coinbase could be $351 within one year...#CoinBase Technical Analysis:- $Coinbase Currently trading at $147 And this is Trading above support Trend Line. I am expecting Bounce back from here. My First Target of CoinBase is $209 $209 Level is Resistance zone. So If this break upward then We can see $350 level. I am expecting $350 within One year. Its My own view.. Not Financial advice. Entry:- $140-$147 Targets:- $209/$281/$351 Stop Loss:- $129 Support:- $140 Resistance:- $209/$281/$351
NASDAQ:COINLong
by CryptoPatel
4
Coinbase: Further Trouble Ahead? Coinbase - Short Term - We look to Sell at 220.20 (stop at 238.84) We look to sell rallies. Previous support at 220.00 now becomes resistance. 20 1day EMA is at 210.00. The primary trend remains bearish. The move lower was negative for sentiment and confirms our bearish bias. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 220.00, resulting in improved risk/reward. Our profit targets will be 166.73 and 122.05 Resistance: 200.00 / 220.00 / 250.00 Support: 150.00 / 125.00 / 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
1