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Coinbase Goes deeper Coinbase Shatters Expectations: Here's Everything Investors Need to Know Trend bearish bullish breakout has to be confirmed,otherwise it will be a bulltrap that offers the oppurtunity to sell more the asset Bearish breakouts often confirmed strongly,the bearish trend continues Up against the world’s largest crypto exchange (Binance) and the largest publicly-traded crypto company (Coinbase), it’s likely Gensler is in for a fight. Coinbase CEO Brian Armstrong said months ago that the SEC was building its case, and, if it sued, the exchange would counter. SEC delays its recommendation on Coinbase petition The SEC told the court, though it hasn’t made a decision on Coinbase’s rulemaking petition yet, it may make a recommendation within 120 days. The SEC added that until and unless it decides to propose new guidelines, Coinbase must follow current law. It was only last week that the agency charged Coinbase and Binance with securities violations. The U.S. Securities and Exchange Commission (SEC) said it hasn’t made a decision on Coinbase’s rulemaking petition yet. However, its staff members think that it will make a recommendation within 120 days, i.e. four months. The regulator made these remarks while responding to a court order on whether it was taking any action on rulemaking as asked in Coinbase’s petition filed earlier, even as it was suing the crypto exchange for securities violations. Coinbase alleged in the court that the SEC has decided to reject the petition. The SEC said that this was not the case, though it thinks that it will make a recommendation within a period of 120 days. The agency also stated that its enforcement action against the crypto trading platform was not in conflict with any regulation decision. Until and unless the SEC decides to propose new guidelines, Coinbase must follow current law, according to the enforcement agency. On the other hand, the SEC argued that “statements by the Chair do not – and could not – constitute Commission action denying Coinbase’s rulemaking petition.” Any SEC decision would also need a majority of a quorum vote, the regulator argued. The SEC charged Coinbase last week, alleging that it was operating as an unregistered securities exchange, broker and clearing agency. A day before its action against Coinbase, SEC charged Binance, world’s leading crypto exchange, with similar allegations.
CAPITALCOM:COINShort
by DaveBrascoFX
1
Coinbase: A year in review on the NasdaqCoinbase (NASDAQ:COIN), the cryptocurrency exchange platform that is facing a class action lawsuit over its alleged listing of unregulated securities, on Wednesday fell 43% from its peak since it went public on the Nasdaq stock exchange nearly a year ago. The stock is down 21% from the reference price of $250 set by the Nasdaq when it debuted in April 2021. The IPO valued Coinbase at $49.8 billion and marked the first major cryptocurrency company to go public on a US stock exchange. However, Coinbase’s stock price has since swung to as low as $160 earlier this month amid the volatile cryptocurrency market, uncertainties over regulations on digital currencies and a massive class action lawsuit over its alleged sale of securities not registered with the US Securities and Exchange Commission. The lawsuit alleges that Coinbase, since October 2019, has been letting customers trade 79 cryptocurrencies without disclosing that they are in fact securities. Coinbase in numbers Coinbase, established in 2012, allows users to trade cryptocurrencies like Bitcoin and Ether in exchange for a transaction fee. Last year, the platform’s monthly transacting users quadrupled from 2020 to 11.4 million. The company raked in $7.36 billion in revenue in 2021, up 545% from $1.14 billion in 2020, while net income soared elevenfold to $3.62 billion from $322 million. Coinbase attributed its strong performance to the booming crypto market. The market capitalization of cryptocurrencies over 2021 surged threefold, closing at $2.3 trillion, but down from a peak of $3.1 trillion in November 2021. Bitcoin’s market cap by 2021-end hit almost $1.3 trillion. Tied to Bitcoin price As a cryptocurrency exchange, Coinbase’s stock performance is tied to the price of Bitcoin and other major digital currencies, which means that if crypto markets collapse, it would likely hammer Coinbase’s stock price. Both Coinbase and Bitcoin reached their peaks in November 2021. Bitcoin traded near $70,000 at the time but has since fallen to around $45,000 in recent months as traditional investors appear to shun digital assets. Regulatory woes Although Coinbase as a listed exchange platform is regulated by US laws, cryptocurrencies still have a long way to go in terms of regulations. In the US, the Biden administration recently issued an executive order directing the government to come up with a plan to regulate cryptos, but in Europe, the market is headed for tighter regulations as lawmakers are set to introduce new laws to curb suspicious transactions, among other reasons. In a blog post on Monday, Coinbase’s Chief Legal Officer Paul Grewal said that if adopted, the EU’s planned crypto laws would "stifle innovation”. The new Coinbase marketplace Despite the crypto downturn this year and potentially tighter regulations, Coinbase remains bullish on digital assets, hinting at plans to launch its new marketplace for NFT or non-fungible tokens “soon”. Coinbase NFT will allow users to buy, sell and check out NFTs through a peer-to-peer marketplace. “What we liked right now and we’re observing the market is that NFT volume and price appear less correlated with other crypto assets,” Coinbase CFO Alesia Haas told analysts during the company's earnings call last month. The company’s NFT plans could usher in a new revenue stream for Coinbase amid the volatility in cryptocurrencies. Needham equity research analyst John Todaro expects Coinbase’s NFT ambitions would add an additional $1.26 billion in revenue for the company.
NASDAQ:COIN
by BlackBull_Markets
1
Coinbase: Further Trouble Ahead? Coinbase - Short Term - We look to Sell at 220.20 (stop at 238.84) We look to sell rallies. Previous support at 220.00 now becomes resistance. 20 1day EMA is at 210.00. The primary trend remains bearish. The move lower was negative for sentiment and confirms our bearish bias. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 220.00, resulting in improved risk/reward. Our profit targets will be 166.73 and 122.05 Resistance: 200.00 / 220.00 / 250.00 Support: 150.00 / 125.00 / 100.00 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
1
COINBASE (COIN) - Bullish long term predictionBeen eyeing Coinbase stock (COIN) since IPO with this chart. COIN went down -40% from top, and I think the selling climax has calmed down. It was necessary due to the overvaluation in the IPO. Coinbase is the top 1 free app in the US appstore at the moment, and the crypto rally is far from over. Looks like a good long term investment at these levels if you want to diversify your portfolio or want to take baby steps into the "crypto market".
NASDAQ:COINLong
by Infib
1
COIN (COINBASE) Options Trading Now AvailableInvestors got a new way to bet on the fortunes of Coinbase Global as options on the cryptocurrency exchange's stock started trading with healthy volume on Tuesday. About 22,000 Coinbase contracts traded by late afternoon, with puts outnumbering calls slightly, and volume should hit 31,000 by the end of the day Puts convey the right to sell the stock at a set price at a future date, while calls provide the right to buy it at a certain price at a future date. Coinbase recently went public in a high-profile direct listing on Nasdaq, where - unlike a traditional initial public offering - no shares are sold ahead of the opening. Trading volume in Coinbase options was robust but fell short of other popular stocks' options launches. For instance, Facebook's options traded about 360,000 contracts on their first day in 2012. Less than a week after the exchange's stock market debut on Nasdaq, Cboe Global Markets, Nasdaq, the Intercontinental Exchange and other exchanges launched trade in Coinbase equity options It's not fireworks," said Henry Schwartz, head of product intelligence at Cboe. "Still, volume isn't bad." For Coinbase, the lack of a lockup period, where a bar on selling stock can prompt investors to turn to options to protect their holding, may have taken away one source of demand, Schwartz said. Still, strong retail interest in Coinbase bodes well for the options. Following its launch last week, Coinbase drew massive retail buying, with over $100 million worth of shares, on a net basis, taken up in the first two days of trading, according to Eric Liu, head of research at Vanda Research. For Coinbase, the lack of a lockup period, where a bar on selling stock can prompt investors to turn to options to protect their holding, may have taken away one source of demand, Schwartz said. Still, strong retail interest in Coinbase bodes well for the options. Following its launch last week, Coinbase drew massive retail buying, with over $100 million worth of shares, on a net basis, taken up in the first two days of trading, according to Eric Liu, head of research at Vanda Research. SUPPORT- $290, $275, $250-$240 RESISTENCE- $305,$325, $350, $360, $380, $400, $450 Sector: Technology Services Industry: Packaged Software Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin . It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco Where will it list? Coinbase is set to go public on the Nasdaq under the ticker symbol “COIN” as a direct listing, meaning it isn’t raising new money, as a company would in a traditional IPO . Coinbase is the Nasdaq’s first major direct listing, with Spotify SPOT , Slack Technologies WORK and most recently Palantir all opting to directly list at the NYSE. Valuations? Nasdaq assigned Coinbase a reference price of $250 a share on Tuesday evening, which values it at over $65 billion. On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price. Coinbase, whose users primarily deal in bitcoin and ethereum , reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.”
NASDAQ:COINLong
by MavRich_Trading
1
COINBASE - IPO HAS GREAT POTENTIAL (LONG-TERM) ✨Newly released IPO with great potential ahead! - In a new crypto age, everyone is just catching on and for those who did before have generated mass amounts of wealth catching the train before it left. While the majority make their money from investing and trading, coin-base is guaranteed revenue from fees. As the crypto world grows, so will the buyers and the interest so will the revenue for exchanges like coin-base however this one in particular is one of the biggest players in this game and is wildly popular across the United States. - Technical analysis: We have not seen much price action since this is a newly launched IPO, however with the current situation we can only work with what we have and the only way to see current price action clearly is by dropping to lower time fames like the 15m chart, due to this it lacks strength. Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
NASDAQ:COINLong
by FlyDownX
13
COINBASE LISTING (COIN) HUGE MOMENT FOR CRYPTO Sector: Technology Services Industry: Packaged Software Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco Where will it list? Coinbase is set to go public on the Nasdaq under the ticker symbol “COIN” as a direct listing, meaning it isn’t raising new money, as a company would in a traditional IPO. Coinbase is the Nasdaq’s first major direct listing, with Spotify SPOT , Slack Technologies WORK and most recently Palantir all opting to directly list at the NYSE. Valuations? Nasdaq assigned Coinbase a reference price of $250 a share on Tuesday evening, which values it at over $65 billion. On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price. Coinbase, whose users primarily deal in bitcoin and ethereum, reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.” SUPPORT- $325, $305, $250 RESISTENCE- $350, $360, $380, $400, $450
NASDAQ:COINLong
by MavRich_Trading
COINBASE - CoinBase Global Inc - coinbase IPO - BUY -I was warned about posting this - Expect extreme volatility at open Monday - Leading to investors to pour in from crypto and other tech stocks - expect nothing less than 6$ - MEDIA WILL TELL YOU IT'S OVER-VALUED HOWEVER THIS IS NOT TRUE. Expect this IPO to effect the Crypto Markets (DATA FROZEN?) NASDAQ:COIN INDEX:BTCUSD TVC:SPX CAPITALCOM:UK100 TVC:NI225 GDP UP USA CHINA JAPAN INDIA INDONESIA KOREA NIGERIA RUSSIA SAUDI ARABIA TAIWAN ------------------ GDP DOWN GERMANY UNITED KINGDOM FRANCE ITALY BRAZIL CANADA ARGENTINA AUSTRALIA BELGIUM GREECE IRELAND MEXICO NETHERLANDS NORWAY POLAND PORTUGAL SPAIN SWEDEN SWITZERLAND TURKEY
NASDAQ:COINLong
by MaverickTrading
12
Coinbase IPO: +60% in the first week after listingNASDAQ:COIN Coinbase IPO or, more precisely, direct listing is the most anticipated financial event this week. Unlike with a traditional IPO, there is no pre-pricing ahead of the direct listing so trading might be very volatile in the first week. The reference price of $250 would give Coinbase a valuation of $65 billion. That’s about the market cap of the New York Stock Exchange, which has comparable revenues ($1.67 billion in Q4 vs $1.8 billion in Q1 for Coinbase) but lower net income ($528mn vs $800mn). Unlike NYSE or Nasdaq, Coinbase saw rapid growth: the revenue increased by 208% compared to the previous quarter while income surged 347%. The media widely cited a possible $100 billion valuation for Coinbase so we’ve posted the following question to Hybrid Intelligence: “Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing. Will Coinbase shares trade above $400 (+60%) at any time before April 24?” ------------------------------------- Assurance: 71% This is a mildly bullish sign. Typically traders view HI indicators that are above 70% as “very likely” so that’s just at about the threshold. Whatever the outcome of the first week’s trading, Coinbase listing will have major effects on the whole crypto market. So stay tuned to our channel!
NASDAQ:COINLong
by Cindicator
11
Btc end march/ begin april 70K? Hi guys with Rae, I hope your making great gains these days. Today i show you my idea and why i think we could hit 70K and maybe 80K end of this month till begin April. 70K explained : Why I think that we will break 70K is because this month coinbase Ipo goes live , and it is big ! , 2, Tether is printing enough money each day! 3, stimulus check worth of $1.9 trillion 💣 80K explained : If coinbase launch it’s own coinbase token 🪙 we could see btc above 75K begin april and maybe we could rise up to 80K , we all know that if coinbase launch their own token it will be big and with their coming coinbase ipo things will Explode 🤯 . Cheers 🥂 I see you next time guys ⏳
BITTREX:BTCUSDLong
by Rae_Crypto
2