Is worth the shotElliot wave or else, what matters is making money. The price I think a share is worth at Coinbase is 4 times the actual, unless bankruptcy ofc.
Enjoy
Be wise don´t work for money, make money work for you.
COIND trade ideas
Coinbase - More downside is likelyThe downtrend in cryptocurrencies supports a bearish view on Coinbase, which is currently down more than 80% since it started to float on the public stock market just a few months ago. In our opinion, the company will continue to lose its value in the short-term and medium-term. Indeed, we think the recent fallout with the Luna stablecoin token and Celsius network will have a contagious effect that will eventually catch up with other industry giants and possibly also Coinbase. Due to that, we would like to set the price target for Coinbase at 50 USD.
Illustration 1.01
The picture above shows Coinbase stock trading within the wide range; interesting is that this trading range is structurally similar to the range observable in the price of Bitcoin and other cryptocurrencies.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are slightly bullish. DM+ and DM- are neutral. Overall, the daily time frame is slightly bullish/neutral.
Illustration 1.02
Illustration 1.02 portrays similarities between the price action of BTCUSD and Coinbase.
Technical analysis - weekly time frame
RSI and Stochastic are bearish. MACD is neutral . DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
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.
CoinBase to Single DigitsCoinbase cryptocurrency exchange platform is on tough position as its stock continues to fall and it made another setup which could send it stock price to single Digit ,after Celsius pausing withdrawal before ,Vauld the coinbase backed lender said is facing financial challenges related to “volatile market conditions" the above has led customers to withdraw over $197.7m from the platform since June 12,,if platforms that are build on top of Coinbase are facing the tough spot liquidity-wise ,this is a good indicator of Copinbase weakness at is core .With all of this said Coinbase weakness will be shown and price can not hold,i'am expecting price to fall with overall target of $6.89 overperformance could happen as well.
COINBASE Classic Three Drivers PatternThree drivers pattern looking perfect here.
Huge run from Coinbase after this this dump to one of the possible bottoms in Green
Watching the purple box as resistance for a fake out (just to fill gap?).
CoinBase - Elliott Wave Finally completed! + Bullish divergence- CoinBase is one of the most popular crypto exchange in the world and that's why it's good to track the price of the stock.
- As per my Elliott wave technical analysis - we have completed the impulse wave successfully and now I am expecting at least a retracement to 0.618 FIB / Red horizontal resistance.
- If we take a look at the RSI indicator, we can see a bullish divergence, which is ofcourse always great to see.
- We have a local falling wedge, bullish reversal pattern at the end of the trend and the price is currently breaking out!
- Look at my ideas about interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
$COIN looking ready for another move up on the hourly chart... this following an already bottomed out chart, in my opinion.
Analysis based on a massive inverse fibonacci & approaching trend line break after wedge break & hold on the day.
Opinions are my own & not trading advice.
Use This Range To Make Money! Hello Traders & Spectators,
I went ahead and charted the major support and resistance zones. Once these zones are reached, Short or Long with a tight stop and hopefully the trade goes in your direction!
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Coinbase - After rain comes the sun, right?!As is well known, after the rain comes the sun. Hopefully this will also be the case for Coinbase soon.
Positive:
- The MACD will soon give a signal for a long entry
- The falling bearish momentemtum
- The most important signal for me: the Co CEO acquires shares for $75 million. He is averaging about $67 from May 17, 2022. I don't think he has that much money to give away. Accordingly, I interpret this as a big vote of confidence.
Earnings in recent quarters:
06/2021 ~$5 billion
09/2021 ~$6 billion
12/2021 ~$7 billion
03/2022 ~$6 billion
Monthly fixed costs:
~$750,000
--> Insolvency? Haha, good one.
Coinbase will easily make it through this year on profits alone.
Also, they are currently terminating about 20% of employees and reducing monthly fixed costs.
The media is not playing into Coinbase's hands, with the sale of user data only because of illegal activity. This is not a problem for me personally, because I am not involved in any illegality.
Only criminals cry privacy in this.
No investment advice. Just my 2 cents.
CoinBase - Coin Monthly - GOING TO ZEROIgnore the Dumpster Fire behind the Grease Pit, it'll be ok.
The CEO said so...
_________________________________________________________
Ahem - Coinbase Global total liabilities for the quarter ending
March 31, 2022 were $14.399 Billion, a 96.05% increase year-over-year.
_________________________________________________________
Pretend it's going to work out.
It will not.
Coinbase will implode, be rescued for a fraction of its default
and try again under the auspices of Big Top in the Flamingo's
Parking Lot.
The Ponzi scam is unraveling.
Growth is in a steep decline and Bagging this Junk CO
will cost you nearly all your holdings, by design.
___________________________________________________________
It is OVER for ConBase.
Coinbase *checks papers* overvalued
I started using Coinbase all the way back in 2013, it was the first crypto exchange that didn't feel like a siren song, and my overall experience with their service has been positive. Going public is the biggest mistake Coinbase could have made (dramatic OMG face thumbnail would go here)!
NASDAQ:COIN business model is simple, they soak customers with fees. And it's great during a bull market.
$2 EPS in 2020
$16-ish EPS in 2021
2022, I’d say Coinbase is on track to loosing money.
*the values are as I recall them, I'd double check if I were you.*
Revenue relative to the assets, at one point reached 4%, well below that mark today.
Even at 150bps, Coinbase isn’t making money. Based on the metrics COIN has presented, revenues are dropping faster than they’re cutting costs. Eventually, I believe Coinbase will find a happy medium, but it’s current fees based business model isn’t sustainable long term.
In it’s current state I believe NASDAQ:COIN is overvalued (at the time of writing price is at $49-ish).
I’d like to see COIN trading around 1 to 1.5 it’s Tangible Book Value, which, for the quarter ending in March 2022 is at $23.48 (1) and $35.22 (1.5). Stay tuned as to what will Coinbase’s Tangible Book Value be next quarter, mark your books for August 9th.
Another fire burning under Coinbase right now is share based compensation, keywords in that problem are buyback and dilution. I’ll leave it for another day, Tangible Book Value is enough material for a decent tinfoil hat.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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COIN - Time To AccumulateJust at the close here I've decided its time to start buying COIN.
Both NDX and BTC downtrend's seem to be plateauing out.
BTC will almost certainly follow NDX to some extent on a bounce and COIN will follow and if both bounce will COIN will have a very hard bounce I think.
And NDX has been printing some bullish divergence on the weekly chart so the low is either in or nearly in.
And sometimes indexes make their move pre-market for stocks to then gap up so I've decided now is the time.
I think COIN can potentially go as low as $30 but it may not and this may be the rather exotic accumulation range here.
I will DCA to some extent from here, but also looking for the lows.
Not advice.
Coinbase alternativeI am now looking how to make crypto counts compatible with a possible bounce in US stocks and then falling to new lows. That could be a nice scenario to tear crypto markets apart. First, a strong bounce to fuel hopes of the market revival and then annihilate the last longs standing.
If that happens and COIN stock stands - that would be a nice buying opportunity.
COIN - QuickieJust a quick one here before the markets open. 2 gaps above for COIN and I'm confident BTC is bottoming. NDX will have an up gap at the open which good chance will fill and so i'm going long COIN here with a tight stop below the 14 jun hammer.
Could be a wave 2 completing here and may go MUCH higher, but we'll see. Its a punt with defined risk.
Not advice.
Coinbase Forever Bottom Seems like we are approaching a forever bottom in COIN which should be the tip of wave 2 I guess. Wave 1 is not visible on the chart as it was pre-IPO value buildup. If I am right this is a tremendous lifetime opportunity. Coinbase stock could be as good as or even better than crypto itself.
Coin yet to form a base Coinbase
Short Term
We look to Sell at 71.83 (stop at 79.49)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. We have a 61.8% Fibonacci pullback level of 69.06 from 83.32 to 49.02.
Our profit targets will be 49.02 and 45.10
Resistance: 70.00 / 83.00 / 163.00
Support: 49.02 / 30.00 / 10.00
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Bias more on upside. be fearful when others are greedy and be greedy when everyone is fearful.
Many people will tend to stay away from cryptocurrency at the moment after many incident happen such as Luna coin, Crypto companies going bust, cutting employee etc etc.
However, looking into Bitcoin chart with 20k well supported, we may see some light in Coinbase at the moment.
Therefore, I will be greedy at this point of time to do a anti-trend trade with SL @ 42 and TP @ 80.
Break above 80, we may see 100 next to cover the small gap in 09 May 2022
