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Robinhood

Time To Buy Coinbase? [LONG]With all the excitement around Robinhood's IPO this week and the recent resurgence of Bitcoin its easy to forget about COIN, after what appears to be the completion of a 51% retracement in price according to the Fibonacci retracement we see here. Since this retracement, COIN has quietly sprung 30% in price and appears to only be getting started if the chart I have illustrated here holds true. COIN has broken shallow retracement areas of its pull back and now appears to be gearing up for what could be an 8% move to its first target at around $292 per share. It is currently at a perfect low risk high reward trade currently as your likely risk to start off (if entering a long right this minute) would be -3%. However, your reward would be 8% and that would only be getting the party started. Anything below $259.92 is bearish and we want nothing to do with this asset at that point as this would be a breaking of the .236 fib level. It should be noted that a daily candle close below this level is what we would be looking for to confirm the bearish scenario. In the meantime this looks like a possible fun trade as the crypto market appears to be buzzing again and who none other than Coinbase should stand to benefit mightily.
NASDAQ:COINLong
by TradeVibez
2
Greenlane Holdings - Double Bottom - Cannabis Reform LegislationIf this $30 stock double bottoms on a dollar..... All-in! Epic Economics. Mr. Market presents opportunities. Not of the Crypto Ponzi Pog type. It's #cannabisboom2021 time. $GNLN #thegem It's IPO was $17 in April 2019 and hit $29 same day. They're twice as big when Kushco Mega Merger is completed. Anything under the IPO will be a steal. Elon's $DOGE pup #failarmy stole #420day. We're taking it back. Cannabis Saves Lives.
NASDAQ:GNLNLong
by EpicEconomics
2
Mind the Gap: HOODThe Robinhood NASDAQ:HOOD IPO continues to be an interesting stock to watch. After holding the 50% Retracement it failed to make a new high. Now is it breaking the retest and near the close today is testing the gap open from yesterday. The big brain play is to short meme stocks like this... but how? Shorting shares carries unlimited risk and buying Puts burns capital as volatility and time decay. In my Livestream tomorrow 4pm Eastern (at the market close) I'll look at a few strategies traders can use to bet on the hype failing and capture the FOMO pain gains.
NASDAQ:HOODShort
by norok
2