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
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Coinbasestock
COIN Coinbase: Critical AreaHello 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 key is to break the resistance line as the price is in a critical area. The overall pattern is a bearish one (Ascending Broadening Wedge or Rising Broadening Wedge) so there is concern for potential downside if the price breaks below the bottom support line.
Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), and various trendlines.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
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
COIN Coinbase sold by ARKK fund???Is Cathie Wood`s ARK fund anticipating a top in the crypto space right now?
On 10/12/2021 ARKK fund sold 5,855 shares of COIN COINBASE GLOBAL INC, for about 1.5Mil usd.
When the fund starts a sell, it`s usually a multiple day sell on "small" positions. In this case it was 1.5Mil worth of shares.
The only thing that makes me optimistic right now about Coinbase, is the NFT marketplace.
On Oct. 12 Coinbase NFT was launched, a peer-to-peer marketplace that lets users mint, collect and trade NFTs, or non-fungible tokens.
On the other hand, on 10/14/2021 Devin Ryan from JMP Securities Boosted the Price Target with an Outperform rating from $300.00 to $330.00
This is a one year price target.
I`m looking forward to read your opinion on it.
COIN Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
COINBASE Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
COIN (COINBASE) Options Trading Now AvailableInvestors got a new way to bet on the fortunes of Coinbase Global as options on the cryptocurrency exchange's stock started trading with healthy volume on Tuesday.
About 22,000 Coinbase contracts traded by late afternoon, with puts outnumbering calls slightly, and volume should hit 31,000 by the end of the day
Puts convey the right to sell the stock at a set price at a future date, while calls provide the right to buy it at a certain price at a future date.
Coinbase recently went public in a high-profile direct listing on Nasdaq, where - unlike a traditional initial public offering - no shares are sold ahead of the opening.
Trading volume in Coinbase options was robust but fell short of other popular stocks' options launches. For instance, Facebook's options traded about 360,000 contracts on their first day in 2012.
Less than a week after the exchange's stock market debut on Nasdaq, Cboe Global Markets, Nasdaq, the Intercontinental Exchange and other exchanges launched trade in Coinbase equity options
It's not fireworks," said Henry Schwartz, head of product intelligence at Cboe. "Still, volume isn't bad."
For Coinbase, the lack of a lockup period, where a bar on selling stock can prompt investors to turn to options to protect their holding, may have taken away one source of demand, Schwartz said.
Still, strong retail interest in Coinbase bodes well for the options.
Following its launch last week, Coinbase drew massive retail buying, with over $100 million worth of shares, on a net basis, taken up in the first two days of trading, according to Eric Liu, head of research at Vanda Research.
For Coinbase, the lack of a lockup period, where a bar on selling stock can prompt investors to turn to options to protect their holding, may have taken away one source of demand, Schwartz said.
Still, strong retail interest in Coinbase bodes well for the options.
Following its launch last week, Coinbase drew massive retail buying, with over $100 million worth of shares, on a net basis, taken up in the first two days of trading, according to Eric Liu, head of research at Vanda Research.
SUPPORT- $290, $275, $250-$240
RESISTENCE- $305,$325, $350, $360, $380, $400, $450
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.”