COINBASE BUYHi, According to my analysis of coinbase stocks, there is a good buying opportunity. With the arrow out of the transverse area. The resistance level at $80 was broken. Good luck everyone
Coinbasestock
COIN is testing for pressureCOIN is testing for pressure
This chart shows the weekly candle chart of Coinbase stocks in the past two years. The graph overlays the high points at the end of 2021 against the golden section. As shown in the figure, Coinbase stock broke through the upper edge of the current fluctuation range from May 2022 two weeks ago, and confirmed by stepping back at this position this week! And this position also happens to be at the 2.000 position of the golden section in the figure, so the strong pressure above the Coinbase stock is at the 1.618 position in the figure!
COINBASE is testing for strong pressureCOINBASE is testing for strong pressure
This chart shows the weekly candle chart of Coinbase stocks over the past two years. The figure overlays the high points of November 2021 and the golden section below them. As shown in the figure, the low points of Coinbase in May 2022 and January 2023 are both supported by the 2.382 level of the golden section in the figure. The double bottom pattern has been formed, and the future is likely to rebound strongly upwards! The strong pressure above is at the 1.618 position of the golden section in the graph, and the recent long short split is at its highest point this week, also at the 2.000 position of the golden section in the graph!
COINBASE - POssible Trend Reversal in play?Hi guys! So something ive been monitoring for some time now is Coinbase. Ive been extremely excited on Crypto since 15k - 20k range, in the hunt for potential bottoms. As ive missed the previous cycle bottoms in crypto. Anyway what im trying to get at is, BTC reclaiming the 30k level will show even stronger evidence that we are in fact in a BULL MARKET.
This means that stocks related to Bitcoin will also be impacted.
And COIN in a pure technical analysis point of view is showing great evidence of a bottom formation and trend reversal.
Lets jump in!
Firstly, lets take a look at price action:
Firstly, lets acknowledge our MAJOR bearish resistance trend line depicted in RED.
This line has acted as resistance since the top in November 2021 and has pushed the price down to our lows and this range (white rectangle). Notice the red circles, which shows price being rejected off this line.
This shows how powerful this line has been depicted in the history of the price action. So breaking above it and maintaing support would be indicative of a reversal in trend, in my opinion.
Now notice the ORANGE resistance trend line. This trend is since August 2022 and indicates an intermediate resistance trend that also worked to push price down.
Another Resistance trend is the YELLOW trend line, from January of 2023, that acted as a short term resistance.
The upper rim of the white rectangle is also a crucial area to watch. From $64 to $84 is a heavy resistance area that needs observation. If we get above $84, getting to $160 is easy play as theres no price structure above $84.
This analysis is on the weekly timeframe. So we need to see what happens on the close of friday. But we are currently in the process of breaking through the RED and YELLOW resistance trend lines.
Though its possible this week pushes us down again. A double bottom can be at play which would be extremely BULLISH.
Its IMPORTANT to note -> More we touch trend lines, the weaker they get! And the Structure seen by WHITE rectangle, indicates a consolidation area and possible bottom of COIN.
Now lets take a look at some of my indicators:
1. Notice the light PURPLE moving average, the 21 weekly EMA. Notice how we've been battling this line and ow moving above it. This becoming support and staying above will be supportive of trend reversal.
2. RSI -> notice how we have lower highs. If we break above the upper white line drawn, and create a higher high. This will support trend reversal. Ill be observing this.
3. Wave Trend Oscillator - Notice the GREEN arrows. You don't even need knowledge of what these indicators depict, visually you can get so much out of them! Check how when the green line is on top of the red dots, price moves up..... Check our current progress, we are currently showing similar pattern. This can mean trend change.
CONCLUSION: Though as of today, its still premature to say that we will be breaking trend at the end of this week. I believe there is evidence to state that its the time to be watching COIN.
If we are above these lines come the friday close of weekly candle, next couple weeks would be important and places to watch for buying positions. However, if you see rejection it is possible that we go down lower, possible to the lower rim of the WHITE rectangle. That would be a double bottom play, and potential area where i buy large positions. My opinion within this WHITE rectangle range, solid area to DCA. Its also important to remember to watch BTC prices, if prices stays above 30k, the case for crypto stocks also becomes bullish, in my opinion.
ALl in All, Hope this helped. If you liked my analysis, please do help me out by boosting and if you like TA info and direction please follow and or check out my other ideas. Also, let me know what you think by commenting!
DISCLAIMER: This is not financial advice, i am not a financial advisor. This is strictly my opinions and for educational purposes. When trading/investing please do work to make your own strategies, never listen 100% to other people. Also always practice strong risk management strategies and use stop losses!
Thank you!
COINBASE stock (280% gains if you're patient) NEW analysisCOINBASE stock looks great.
Falling wedge broke out bullishly and what we saw on 13 and 14 of February was creation of higher low and support retest.
Target 1 is at 114$ . It's a technical target from the bullish falling wedge pattern.
Target 2 is for patient investors/swing traders as it may take some time to get it.
At 205$ most likely we will see a trend reversal and heavy sell pressure as it's a strong resistance.
We are bullish on COIN in Q1 and Q2 2023.
Good luck
Coinbase touches SMA resistanceCoinbase's stock (COIN) advanced in the intraday levels after announcing plans to let go of 950 employees in a step to reduce costs, especially in the crypto sector, with severance package and other costs of the termination estimated at $163 million, with the stock tumbling 12.96% in the last session, or 4.96 points, settling at 43.23, with trading volumes surpassing 24.4 million shares, above 10-day averages of 13.6 million shares.
Technically, the stock is trying to regain some recent losses, touching the 50-day SMA, while retesting the resistance of 40.83, as the RSI reached overbought levels compared to the stock's movements.
Therefore we can expect the stock to return lower, targeting the support of 20.20, provided the resistance of 40.83 holds on.
Coinbase - small bounce before the dump (1h timeframe trade)The price moves in the channel .
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance.
Targets are shown on the chart
Good luck
COIN Coinbase: Where Is It Headed?Hello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange.
Please review the chart as it is self explanatory. The overall pattern is a bearish one so there is concern for potential downside.
Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), MACD, and Fibonacci Retracement.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Have you read my recent Bitcoin chart and analysis on finding the bottom. See below:
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COIN Coinbase Options Ahead of EarningsLooking at the COIN Coinbase options chain, i would buy the $60 strike price Puts with
2023-1-20 expiration date for about
$8.00 premium.
Looking forward to read your opinion about it.
COIN- Fundamental and technical analysis****NOT THE INVESTMENT ADVICE**** I'm neutral in my assessment. Please do your own due diligence.
In this analysis, I leave out external and macro factors such as crypto adoption and regulatory concern. Rather, I want to focus on things Coinbase can control.
Main points-
To start off, I believe Coinbase has the bright future and its biggest risk is the execution risk. However, in order for it to succeed, few conditions need to be fulfilled.
***The big bets need to take off (NFT market place, potential derivative offerings & Dapp marketplace and Coinbase wallet). When they do, the subscription and service revenue would go up and the decoupling may happen (crypto market price crash will have less effect on the COIN price) or at the very least Coinbase will be less dependent on the trading revenue, which currently accounts for 87% of the total revenue).
***NFT marketplace must take off next year- Both FTX and Binance have tried, but they failed to win the significant market share from OpenSea. What other strategies does Coinbase have to win market shares from OpenSea other than enhanced social features and trading fee waiver when the overall pie isn’t growing? (NFT trading volume and floor price are trending lower)
***Coinbase wallet must acquire more market share- How can Coinbase monetize the wallet when the market-leader MetaMask is provided for free? The success of Coinbase wallet is essential so Coinbase doesn’t become just another fiat on-ramp provider. It’s also instrumental to Coinbase’s overarching strategy of becoming all-encompassing platform where users can access all crypto-related activities.
***How to extract more revenue from institutional investors? Any strategies to increase the custodial fee and commerce fee?
The upside-
Cardano staking- Most of the subscription and service revenue come from the blockchain reward and the blockchain reward itself is consisted of mostly staking revenue. Cardano staking may further boost the blockchain reward revenue when it’s already the second biggest revenue source for Coinbase.
Coinbase is focusing on its long-term vision- DeFi, Protocols+Web Infra and NFT/Mertaverse account for 60% of Coinbase’s ventu res portfolio. This is important as most major use cases in crypto ecosystem come from DeFi, NFT and DAO space.
Still the most trusted brand with advanced and industry-leading security features. It has the security infrastructure and regulatory compliance advantage against international competitors such as FTX and Binance. While against domestic competitors such as Gemini and Kraken, it has the crypto offering advantage.
Strong balance sheet enables Coinbase to acquire competitors during the crypto winter. Most of its long-term debts are convertible notes with the earliest maturity date in 2026.
Still the leader of regulated U.S exchanges based on the spot volume, around 46% in 2021. Coinbase has recently become the first-ever crypto firm to join the Fortune 500 list of the largest U.S. firms by revenue. One caveat is that there are no strong barrier and switching cost that would prevent Coinbase customers from going to another exchange. More sustainable moat can be achieved if Coinbase can create a platform that provides all-access to crypto activities, realizing its long-term vision of becoming the Amazon of crypto services.
Problem diagnosis-
Verified user, trading volume, MTU and ATRPU are the most important metrics to watch out for in addition to other common financial metrics.
The persistent theme is that the the declining trade volume and MTU (Monthly transacting users) are hurting Coinbase.
Trading revenue accounts for 87% of overall revenue, the rest in subscription and service revenue, mostly in blockchain reward from staking.
Retail only accounts for 23% of trading volume, but it accounts for 95% of trading revenue- Retail actually pays 14x the fee compared to institutional. Not much revenue is generated from institutional clients even though they dominate the trading volume because they receive deep discount for executing large trade, bringing in the flow, proving liquidity and acting as market makers. As soon as there’s some regulatory clarity, trading fee erosion can happen when bigger financial institutions and banks decide to enter the space, leading to the race to the bottom effect.
Decline in retail trading volume while Institutional trading volume actually went up during the same time- Altcoins now account for fully 55% of transaction volumes and they are likely contributing to the rapid decline of retail transaction volume. Retails trade a lot of altcoins during the bull market and they stop trading altcoins in bearish market or when the volatility is low. Institutionals, on the other hands, trade mostly in Bitcoin and Ethereum and their trading volume is less affected by the market downturn. One could argue that this is the downside of adding more risky assets on the platform as it adds more volatility during the bear market, though these same assets flourish and bring in a lot of revenue during the bull market. Therefore, it’s a double edged sword.
Increase in verified users and MTU may not translate to increase in ATRPU- Increasingly, users are engaging in more non-trading activities such as yield-generating staking which generates far less revenue than high-fee trading activities. This is not necessarily a bad thing as Coinbase has always been pushing for a more diversified revenue stream.
In summary, Coinbase will likely continue to have more verified users, but even if those verified users become MTU, it may still experience the decline in revenue and ATRPU because of the decline in retail trading volume, trading activity and trading fee unless Coinbase can somehow find ways to extract more revenues from institutional clients and increase the percentage of the subscription and service revenue in total revenue.
The downside-
Weakening guidance as the company anticipated further decline in trading volume and MTU in 2022
Horizontal analysis revealed that Equity-Based Compensation (EBC) and SG&A ballooned while revenue suffered this quarter, leading to the weakening operating leverage. This concern is somewhat addressed during the recent 18% layoff as Coinbase aims to keep the EBITDA loss around 500 mil in the face of decline ATRPU, NOPAT and FCF.
Impairment cost rule means Coinbase could suffer more non-cash loss on its crypto asset investment in the near future if the market selloff triggered by the Terra/Luna debacle and over-leverage unwind continues.
Despite the strong balance sheet, customer custodial funds account for nearly 50% of the total asset, making Coinbase susceptible to the potential bank run risk.
Coinbase recently filed shelf registration statement with the SEC. Just a minor concern as It has no intention to issue any new stocks anytime soon.
Structural and ecosystem risk- Coinbase has strong interdependent and venture capital relationship with many crypto firms it invests and supports in its venture portfolio. Any insolvency and liquidity issues these firms experience during the prolonged bear crypto market could potentially have the negative impact on Coinbase’s operation.
In summary, Coinbase has never been hit by bad macro environment and crypto downturn at the same time. In order for it to navigate through the current bear crypto market, Coinbase needs to apply the combination of financial prudence and execution nimbleness while making sure the development of high-priority product and service can continue unaffected.
COINBASE COIN Moving into buying zone Nasdaq StockCOINBASE COIN Moving into buying zone Nasdaq Stock
lower side it can go 120/110/100/75 - higher side upto 280 if crosses 2-3 resistance
Coinbase could be $351 within one year...#CoinBase Technical Analysis:-
$Coinbase Currently trading at $147
And this is Trading above support Trend Line.
I am expecting Bounce back from here.
My First Target of CoinBase is $209
$209 Level is Resistance zone.
So If this break upward then We can see $350 level.
I am expecting $350 within One year.
Its My own view.. Not Financial advice.
Entry:- $140-$147
Targets:- $209/$281/$351
Stop Loss:- $129
Support:- $140
Resistance:- $209/$281/$351
COIN Coinbase bullish ahead of the Super BowlI expect Coinbase, if not run an Super Bowl ad, then at least to be extremely bullish before the event and few days later.
My price target for COIN is $230 in Q2 and $263 by the end of the year.
Looking forward to read your opinion about it.
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.
COIN Coinbase: Critical AreaHello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange.
Please review the chart as it is self explanatory. The key is to break the resistance line as the price is in a critical area. The overall pattern is a bearish one (Ascending Broadening Wedge or Rising Broadening Wedge) so there is concern for potential downside if the price breaks below the bottom support line.
Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), and various trendlines.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COIN Coinbase sold by ARKK fund???Is Cathie Wood`s ARK fund anticipating a top in the crypto space right now?
On 10/12/2021 ARKK fund sold 5,855 shares of COIN COINBASE GLOBAL INC, for about 1.5Mil usd.
When the fund starts a sell, it`s usually a multiple day sell on "small" positions. In this case it was 1.5Mil worth of shares.
The only thing that makes me optimistic right now about Coinbase, is the NFT marketplace.
On Oct. 12 Coinbase NFT was launched, a peer-to-peer marketplace that lets users mint, collect and trade NFTs, or non-fungible tokens.
On the other hand, on 10/14/2021 Devin Ryan from JMP Securities Boosted the Price Target with an Outperform rating from $300.00 to $330.00
This is a one year price target.
I`m looking forward to read your opinion on it.
COIN Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
COINBASE Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
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.”
