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COIN Coinbase potential Sell-Off !!!If you haven`t bought COIN puts here: Or sold it here: Then you should know that COIN Coinbase was more than a client of Silicon Valley Bank, and the relationship between the two companies was more than just a client-provider one. Back in 2014, when cryptocurrency projects and businesses affiliated with crypto struggled to secure financing from traditional sources, Coinbase gave a stock warrant to Silicon Valley Bank. This was part of an agreement between the two companies, which allowed Coinbase to use the bank's services. The warrant gave the bank the option to buy more than 400,000 shares of Coinbase's class B common stock for slightly over $1 each. The warrant was valid until June 2024, but it is unclear what its status is currently. However, Silicon Valley Bank's latest annual report to the Securities and Exchange Commission revealed that the bank earned $116 million in gains "related to Coinbase's direct listing" in 2021. Coinbase has also paused conversions between USDC (a stablecoin pegged to the US dollar) and US dollars, due to the ongoing banking crisis that has affected the crypto industry. Circle, which backs USDC, confirmed that $3.3 billion of the $40 billion supporting its stablecoin was deposited at Silicon Valley Bank. Following the bank's seizure by the FDIC, the fate of that cash is uncertain, and USDC's dollar peg has been lost temporarily. It remains unclear what Coinbase's exposure to USDC is at this time. Considering the chart, my Price Target for COIN Coinbase is $34, for a potential Double Bottom. Looking forward to read your opinion about it!
NASDAQ:COINShort
by TopgOptions
1
Key Levels and Market overview for the Asian session open 22/02A review of the price action from the European session and recap of US price action as US indexes followed on from weakness in Asian and European trade. I remain of the view that data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes as we can see from the selloff. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
2
BANKNIFTY ANALYSIS - Are we entering recession ? As we can how the markets have been respecting these Major support and resistances since years covering every major crash . We can see that currently we are testing the resistance and showing possible signs of rejection which makes me think that the markets have topped out and might become bearish from now on . On the other hand , It will be very bullish if we break above this resistance level , which I know we will break in upcoming years . News comes later . charts always speaks first . Things to keep in Mind :- Wars going on Inflation Rates Increasing Taxes Fed is extremely hawkish . All of these might led to the capitulation event soon .
NSE:BANKNIFTYShort
by BULLSTREETZONE
SPY similarities with 2009 up to current 3600 decision zoneSPY In this 2009 weekly chart, we saw the ff: 1) dma 50 x dma200 (deathcross) also wma20x50 2) price created a low, then bounced up to retest dma200 (wma50) but was rejected down 3) price went down back to retest that low. (The present low was the June low around 3636, a major decision point) MAJOR RISK AHEAD: Now we have to see this week if SPY will recover 3636. (A slightly lower low may happen probably to 3500 to create a divergence for an oversold bounce) *a 2009 scenario repeat will see SPY just waterfall thru 3500 to next supports at 3400/3200/3000/2800 *wma 50 will then cross wma200 (deathcross on weekly) Not trading advice. Proceed with extreme caution!
AMEX:SPY
by xtremerider8
How we predicted the S&P Crash 6 months agoOn April 23rd 2022, we posted this chart stating that the S&P would hit 3320 for a completion of a harmonic pattern. At that time S&P was at 4297 and today is it at 3585. How did we see this coming? 1) There was a massive reversal sign on the weekly timeframe showing that it had topped at 45xx. 2) The huge harmonic pattern setting up 3) Massive divergence on the weekly chart What is the call for the next 6 months? When you look at the chart, there is an imbalance between the move up (18 months) and the drop 8 months. This would mean there is more pain to come for those who still believe in stocks and this index will continue to drop and it may drop sharply. Here is what I would call. 1) S&P will continue to fall and find support at around 3255. 2) This will be a good place to buy but with a mindset of selling. 3) The price will bounce between 3255 and 3500 and then eventually break below. 4) April 2023 we will be around 2900 -3000. Until there is clear reversal signs on the Weekly chart, I will not call this market bullish which is likely to take another 12-18 months. Would love your thoughts and comments.
SP:SPXShort
by JD_TeenTrader
1
DOW JONES - Signal That We Haven't Seen Since the Crash of 2008Dow Jones Index has showed a monthly signal not seen since 2008. The price action that has currently developed is very similar to the beginning of the 2008 crash. In fact, the next rally (if we get one) can be the final "make or break". See the chart comparison between 2008 and 2022. I'm not a perma-bear nor do I ever like predicting crashes or waiting around for one. However, the technical setup with the current inflation and aggressive FED rate policy can be just what it takes to crush this market. TECHNICALS: The monthly histogram has fired negative for the first time since July of 2008 and is also in a volatility squeeze (John Carter...). The squeeze tends to fire in the direction of the primary trend. Yet unless the macro picture changes (i.e. FED reverses course, etc), it appears the squeeze is already beginning to fire SHORT. I'm anticipating another 40% lower from where we are now, that is using the same projection from the crash of 2008. Now, a lot can change and the macro picture is very different from that of 2008. A lot of people will buy the next leg up in this BEAR TREND hoping to have nailed the bottom. It will be those buyers who will end up capitulating and puking the market when it catches them off guard. Word of advice - be very cautious on going "all in" on this next counter rally. The market is in a massive squeeze. (similar theme will apply to other indices) OANDA:US30USD SP:SPX NASDAQ:QQQ AMEX:DIA Stay safe all and God bless.
OANDA:US30USDShort
by andremkv
NASDAQ TARGET 11541!!, MARK IT. i have made a detailed analysis, that why Nasdaq is falling, and based on different corrections, bear markets and from various crashes, i have made the support and resistance, which determines the supply zone. finally, the markets will not face any crash such, the Nasdaq is just falling because of the hike of interest rates, thats much. people and institutions are moving out from the markets, making the index to get corrected, and this selling pressure, is basically preventing from a huge crash(when the government will such announce hike in interest rates, in some future, just to correct the markets that far). so analytically, this selling pressure, is making the index to correct itself and preventing it from going in crash.
NASDAQ:NDXShort
by raghavchoudhary2016
2