Coinbase GlobalUpdated Coinbase ($COIN): Opportunity or failure?
In mid-long term we are not so much bearish about COIN and we think that the bulk of the descent has already been done. Although potentially a bearish structure (wave 5) could still be missing, by the end of 2023 we expect a rally around 110 area. At this moment we are obviously not talking about trading but about some interesting investment opportunities.
Of course we can't help thinking about what happened last week, but at the same time we think that sooner or later the Company will be able to meet all the clarification requests from the SEC.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
COIN and we think that the bulk of the descent has already been done. Although potentially a bearish structure (wave 5) could still be missing, by the end of 2023 we expect a rally around 110 area. At this moment we are obviously not talking about trading but about some interesting investment opportunities.Of course we can't help thinking about what happened last week, but at the same time we think that sooner or later the Company will be able to meet all the clarification requests from the SEC.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Note
📊 Chart update:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.