Cryoptocurrency
Coinbase graphical and fundamental analysis (COIN)1. Graphical Analysis
Since listing on the stock exchange, the stock has had a maximum depreciation of 90%, reached on May 12, 2022.
If the downtrend continues, the $40 support will be retested and in the worst case the price will reach $30 given the Fibonacci predictions.
To reverse this bearish bias, the price needs to break through the resistance ranging from the $58 to $68 region.
2. Fundamental Analysis
- Earnings per Share
- Net income
- Free cash flow
These indicators appear to reverse a downtrend.
But given the dire scenario created by the fall of FTX, it may be too early to say that.
- Net worth
There were no big swings.
- Price to Earns Ratio
- Price to Cash Flow Ratio
From July 2022 until now, there has been an inability to generate a profit.
Ditto for the previous comment, apparently it is reversing a downtrend.
Opportunity? I don't know...
I won't know for sure until the indicator crosses the zero line and the company actually makes a profit.
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Speaking of the crypto market, it is also important to analyze the results of other companies in the cryptocurrency and blockchain sector, which are also publishing their results.
They are companies like Marathon, Riot, Hut, Core, Nile, among others.
By the way, the results that have come out so far don't look good.
BTC: The anatomy of a crash!Bitcoin
Intraday - We look to Sell at 18699 (stop at 19261)
We are trading at oversold extremes. We look for a temporary move higher. Previous support at 18700 now becomes resistance. Daily signals are bearish.
Our profit targets will be 17311 and 17011
Resistance: 17000 / 17500 / 18000
Support: 16000 / 15500 / 15000
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BTC potential 10-20% drop soon or pump 10-20%We either break above this line and probably shoot for 21-22k or we stay under and repeat the same drops we have seen before 10-20% downside
This is just an idea i wanna share with everyone NFA,DYOR on Bitcoin/BTC so both a long and short idea.
Overall my bottom target is around 10-14k and worst case 7k and best case being the 14k
scroll down for more info
SHIB/USD Downtrend BreakoutThe idea here is about SHIB/USD:
My view is short term Bullish for the below observed technical factors.
Points as per TA on Weekly & daily Chart:
1. Broken out of Downtrend Channel as per below:
2. Possible Double Bottom pattern formation on a weekly chart await for neckline breakout as per below:
3. Possible Bearish Bat Harmonic Pattern CD leg in formation as per the published chart .
4. Bearish Cypher pattern completed on Daily chart, Target 1 Achieved & support confirmed at the time of publishing as per below :
5. Trading below 20 EMA on a weekly chart & above 20 EMA & below 200 EMA on a daily chart.
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is Neutral at the time of publishing.
7. RSI is at 47.07 on a weekly Chart and 68.27 on daily chart at the time of publishing.
8. MACD above signal line on weekly & daily chart.
9. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly.
10. ADX ( Average directional index ) trend strength is at 8.2 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend) & 43.17 on daily chart which indicates strong trend.
Projected Target with %: Double bottom & bearish Bat targets are almost aligned at the same point.
A). Conservative entries can wait for retest & neckline breakout confirmation on weekly chart for double bottom, target provided in chart.
B). Bearish Bat target provided in chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So
Please do your own DD (Due Diligence) before any kind of investment”.
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ETHUSD: Following the main TRENDHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the ETHUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Higher timeframe:
Lower timeframe:
In June 2022, the market performed a sharp bearish impulse, correcting and retesting the main level at the end of August, month where the market started a second impulsive phase to the downside.
Potentially, ETH could reach the bottom of the structure and complete the bearish structure for more downside movement or a reversal.
When, where and why would we step into the market?
At the level 1900, the price double topped and reversed with a series of impulses and corrections.
Currently, the price is moving inside a triangle formation, which is both bearish and bullish pattern depending on the next breakout.
Considering the overall bearish market, we would enter short, targeting the bottom of the structure, obviously, entering right now in the middle of random movements is highly risky, better to be waiting for a complete breakout of the LTF structure or waiting for an extension of price till 1400/1480, looking for a great entry point.
Always apply risk management, don’t over risk and be focused!
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
CRO ready for big pumpHello Traders, here is the full analysis for CRO , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate long position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
BTC, Two Bearish divergence warnings !BTC shows two different scale bearish divergences when it is at major resistance ! It is a clear warning.
Mentioned divergences have been shown on the chart. First is major one and second one is minor but both are clear and beautiful.
RSI is making a clear divergence with price : Last established lower high and possible next lower high (Connected by a thick red line on the chart) show different trend (Thick green line) on RSI indicator.
MACD is also showing a bearish divergence with price in step like recent moves. We have minor higher highs on price chart (Thin green line ) with different trend on MACD ( Thin red line ).
Please note possible divergences are important at resistances and as I showed in my latest published BTC idea, Bitcoin is currently fighting with 4 resistances (See related idea for detail ).
Is BTC able to break all the resistances and escape from bearish divergences? Many may be optimistic about this but as my exprience says : Cautious is needed in these situations.
Good luck everyone.
KEY LEVEL FOR BTC Hello friends
As you can see, in the daily time frame, we have hit the resistance line of the descending channel, and the bulls and bears have been fighting in this area for three days. The future of the market depends on how Bitcoin reacts to this line. I saw that in some analysis it is mentioned that USDT.D has come below the 100 day resistance in the weekly time frame and if it stabilizes there today, we will see Bitcoin rise. But I still do not see this as a convincing reason. I would rather see the bitcoin candles in the next two days and then make a decision.
be profitable
Hey take a look :DIn my desicion up or down trends generally target 1.618 and 2.618 fibo levels and i think Bitcoin reached that goal in its latest bullish wave starts from 18.900$.
Watch out MACD may be in the overbought zone, can give a sell signal at any time.
* None of what i write here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose your money.
AUTO HUGE VOLUMEHuge volume, bullish divergence on Relative Strengh Index, Squeeze and Directional Movement Index going upwards. Moon time...
BTC breaks above the triangle. Next target is above $32000BTC breaks above the triangle and created a chance to test $32000.
Right now market suck in its near term resistance level of $30767. SO, technically it may go in some downward correction. But, market seems very strong buy momentum. So, if BTC breaks above its near-term resistance level of $30767 we can buy instant and one kore buy limit order at its near term trendline support zone of $29600 price zone.
If market breaks above the $30767 our second target will be $32000. And stop loss should be below the $28000.
BITCOIN (BTC/USD): The Eiffel Tower pattern. $20k approaching?Living in Paris and seeing this absolutely stunning creation of Gustave Eiffel almost everyday, and being a huge fan of sacred geometry makes it really easy for you to differentiate some patterns looking at graphical illustrations of various securities.
Taking a look at the Monthly timeframe chart of Bitcoin, we can notice that the massive bullish run that took place from October 2020 to April 2021 perfectly lines up with the left curve of the Eiffel Tower. The top of the tower, the place where you have all the souvenir shops and people posing for Instagram nicely captures the longs wicks that are spiking to the upside but being unable to break above. At the very moment, we can see how nicely the current bearish wave corresponds to the right curve of the tower. Although we believe that there is a potential for the price to drop even deeper down, we are setting our initial target at the Monthly zone of support of $20k, which in fact perfectly aligns with the reverse "U" curve of the Eiffel Tower.
Disclaimer: The purpose of this post is neither advertising Paris and nor offering a financial advice. Use this idea both for educational and entertainment purposes!
Happy trading, dear wizards!