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COIN trade ideas

Coinbase Rumors with some News sprinkled on topNASDAQ:COIN I wanted to combine simple technical analysis with tangible real world events. S/R with some short term targets and a parallel channel, is as basic as chart analysis goes, for me personally it is enough to come to a conclusion and plan the trade. Recent history (in the crypto market) would suggest there could be trouble ahead for Coinbase. I picked a few events which show how Coinbase is attempting to optimize, consolidate, cut cost and find extra revenue stream. Summer et al, timeline of news (and rumors) about Coinbase: May 10th, 2022 - Coinbase adds new language to Form 10-Q regarding bankruptcy June 2nd, 2022 - Coinbase rescinds already accepted job offers. Amy Castor wrote a great post covering that event. June 14th, 2022 - Coinbase lays off 1100 employees. CEO and Cofounder Brian Armstrong shared an explanation on Coinbase Blog. June 29th, 2022 - FOIA (Freedom of Information Act) request reveals that Coinbase has been providing ICE with blockchain analytics tools. July 15th, 2022 - Leaked email reveals Coinbase plans to shutdown its affiliate-marketing program. I purposely do not comment on the timeline, as all of us will interpret it differently, might be interesting to see the comments. I don't believe that it's unreasonable to tread lightly while trading Coinbase, although there are plenty of fish, maybe I'll just trade something else and see how this story develops. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
NASDAQ:COIN
by WhoIsWu
Coinbase: Ready to COIN it?Coinbase - Short Term - We look to Buy at 64.00 (stop at 54.64) Price action looks to be forming a bottom. Broken out of the triangle formation to the upside. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 64.00, resulting in improved risk/reward. Expect trading to remain mixed and volatile. Our profit targets will be 100.00 and 149.87 Resistance: 83.32 / 100.25 / 150.12 Support: 64.09 / 50.34 / 44.15 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:COINLong
by Saxo
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.
NASDAQ:COINShort
by Tradersweekly
23
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.
NASDAQ:COINShort
by ArberHoxha
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"!
NASDAQ:COINLong
by UnknownUnicorn2537518
5
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.
NASDAQ:COINLong
by Th3Unkn0wn
5
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.
NASDAQ:COIN
by HK_L61
8
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! ❤️ If you enjoy my ideas, Please like/comment, It means a lot, Thank You! ❤️
NASDAQ:COIN
by WhoIsWu
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.
NASDAQ:COINLong
by dRends35
14