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COINBASE GLOBAL INC CED EACH 2 REPR 1COINBASE GLOBAL INC CED EACH 2 REPR 1COINBASE GLOBAL INC CED EACH 2 REPR 1

COINBASE GLOBAL INC CED EACH 2 REPR 1

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Coinbase, another rotting apple? Throughout the year, we watched numerous cryptocurrency institutions go down in flames amid an unprecedented bear market. We mentioned Celsius Network, CoinFlex, Voyager, and, of course, FTX, among some other names. With many bad apples out of business, it is time to look at the remaining market players like Coinbase. The company reported a loss of $544.64 mil. for the third quarter of 2022, which follows a $1.09 bn. loss in the second quarter and $429.66 mil. in the first quarter. The total loss for the nine months of 2022 exceeds $1.98 bn., reflecting a big blow to the company with $111.16 bn. in total assets and $105.54 bn. in total liabilities (as of 30th September 2022). Furthermore, the company disclosed a staggering decline in trading volume from $327 bn. to $159 bn. (YoY) in the third quarter of 2022 (down from a peak of $547 bn. in Q4 2021). In our view, these are significant issues the company is facing. Indeed, we believe they will get exacerbated with the FED raising rates and regulatory scrutiny. As a result, we are very bearish on Coinbase and expect it to continue much lower, potentially facing the risk of significant problems with liquidity. Illustration 1.01 A high correlation between cryptocurrency prices and Coinbase will continue to threaten the company's well-being. Technical analysis Daily time frame = Bearish Weekly time frame = Bearish Illustration 1.02 The yellow arrow shows a new yearly low at 39.65$. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:COINShort
by Tradersweekly
20
Coinbase Global, Inc. (COIN) Looks Terrible, Losses SupportThe low for Coinbase (COIN) was set back in 12-May 2022 at $40.83. Today, 193 days later, COIN losses this support and a new low is hit. The volume profile spells doom for this stock. We can see strong bear volume and weak bull volume as this new low is being hit. Everything is about to speed up... We can expect bottom searching on the next drop. CHANGE COIN needs to move and close above $50 or EMA10 for the bulls to be back in the game. Namaste.
NASDAQ:COINShort
by AlanSantana
8
The Crypto Battle Royal Draws to a ConclusionThis story about crypto started about 2 years ago. It starts with an idea about why Blackouts in Xinjiang were linked to crypto problems in China. The idea was that bitcoin was going to solve inequality and be free from government manipulation. What could be more opposite to what China wants. The cost? A surge in energy and semiconductor demand unlike anything thought possible at the time. China gave us the first indication the cost was to much to sustain and exited the ring for who would control bitcoin. The next to leave the ring were popular dollar pegs. It wasn't long before wall street got involved in the fight by taking Coinbase public along with ETFs and enough dumb money to bankrupt a country. I stood up on my soapbox (Trading View ❤️) and shouted what I knew to be inevitable. But at the time, nobody was listening. The stock market and crypto went into a spiral downward in harmonic correlation. Finally after 2 years and several criminal masterminds identified by MSM. translation = SBF is about as solely responsible for crypto collapse as Madoff was or Kareem Serageldin. I thought this story would end with Bitcoin dying completely. But then I noticed players like TastyTrades stepping into crypto ring and thought to myself maybe there is a chapter 2 to this story. I think there is a lot more legitimacy to digital currency now that players like TastyTrades are entering at this particular time. I could be wrong on this one, but I'm leaning risk on by buying Coinbase here. Feel free to leave hate mail below in the comments 👇👇
Editors' picks
NASDAQ:COINLong
by SPYvsGME
21
$COINBASE- 5x in 2 yearshad a relative buy this a while ago and now cursing crypto imo these are just cycles where we get emotionally sucked in and ignore the fact that the weekly stoch has bottomed and about to turn up already deployed most of my cap trying to get rid of something to pop in more incase we do get a flush to 11500 look at buying your shitcoins like you were buying a house . major gains only after a while since there are lots of levels to break through fun only begins after 208 in this case.
NASDAQ:COINLong
by CompoundingGain
$COIN trade recap$COIN The stock opened with a gap down and I had it on my watch list and trading plan, the initial idea was to take the stock from $42 if strong support was created at the level but it didn't happen and the stock went up strongly with the market up to the $45 resistance area. From there I took the stock short as soon as it broke an area there which in my opinion there is no way back for the stock to go up and the market also changed its direction down. Entry - 44.37 Stop - 45.01 Take profit - $43 You can see that I took some profit at 43.65 but it was a little less than 5% of my risk (it was to reassure myself because there was a level of support, but not strong at all)
NASDAQ:COINShort
by TradeThePool
1
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 $68 region. 2. Fundamental Analysis - Earnings per Share - Net income - Free cash flow These indicators appear to reverse a downtrend. But given the dire scenario created by the fall of FTX, it may be too early to say that. - Net worth There were no big swings. - Price to Earns Ratio - Price to Cash Flow Ratio From July 2022 until now, there has been an inability to generate a profit. Ditto for the previous comment, apparently it is reversing a downtrend. Opportunity? I don't know... I won't know for sure until the indicator crosses the zero line and the company actually makes a profit. --- Speaking of the crypto market, it is also important to analyze the results of other companies in the cryptocurrency and blockchain sector, which are also publishing their results. They are companies like Marathon, Riot, Hut, Core, Nile, among others. By the way, the results that have come out so far don't look good.
NASDAQ:COIN
by andre_007
COIN TOOLKITWhat If told you there were 60 crypto exchanges? Now picture it with just 5. Where p would you be? Now if b I told you there were 9245 different Crypto Cryptocurrencies. Now picture it with as few as 25 or 10 where would you be? Yep up sh$ts creek without a paddle. There may be one unseen exchange as of now wouldn't you like to know the name? If there n was one coin to buy right now under 1.00 that will go to the moon would you want to buy it now? It is about to be shaken up to the core. Is the largest exchange the safest place to be? Where r should you store your crypto? Have you n ever been with an exchange that was hacked did you lose everything? What are the signs of a failing exchange? 5 letters GREED. c Jerico is at the gates and when the trumpet sounds the walls are going to fall e down. Subscribe. x Follow. Do the search and see if you can find the clues I have dropped. Coin marked safe. Where will defi leave you?
NASDAQ:COIN
by SHakeTheTinCan
How about those apples..I have not posted for a while being a bit busy but lo and behold look what is happening... Everything is aligning to my prediction I made a year ago.. Black Rock joined in.. Google payments joined in.. and now all the other exchanges which are unregulated have dissolved . FTX. Voyager... Soon it will be binance that goes down.. And where do you think the people are going to go kids? For safety and regulation... Aka $coin. I'm surprised so many people have missed this.... Anyway.. My intent is to remain humble Stay fresh guys... You know what's coming...
NASDAQ:COINLong
by The_Master_
4
Selling Coinbase slightly above previous support.Coinbase - 30d expiry - We look to Sell at 62.28 (stop at 67.21) Our bespoke support of 60.00 has been clearly broken. Previous support at 60.00 now becomes resistance. Daily signals are bearish. We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. This stock has seen poor sales growth. The primary trend remains bearish. Our profit targets will be 50.51 and 48.51 Resistance: 55.00 / 60.00 / 63.50 Support: 50.00 / 46.00 / 40.80 Daily chart 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