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S-COIN

COIN : INVERTEDIf we flip COIN upside-down, it might give us a shiny new perspective on this stock. I threw two horizontals on it at $250 and $310, given the psychological significance of these areas, and also because the surrounding price action suggests that they are important support/resistance levels. We can also look at the VPVR (volume profile visible range - the histograms plotted on the left and right edges of the chart, meant to reveal dominant and/or significant price levels based on volume). If I'm specifically studying the VPVR, I prefer to have one on each side, because it's easier to visualize the horizontals when there are two VPVR's, and it's nice to have one on the left side when looking at price action on the left side of the chart. There's no deep technical analysis or profound predictions for this idea, folks... my goal with this chart is to give us a nice presentation showing how COIN's price action looks on the inverted price scale, with the hope that it might give us a new perspective. And while this chart most likely won't radically shift your overall outlook on COIN, I'm hoping that at the very least, you find it interesting... another worthwhile nugget of info to add to your stash. // Durbtrade
NASDAQ:COIN
by Durbtrade
8
Mid to long term XRP PAYou think they care about you? We are in the middle of the greatest wealth transfer in history and you are not on the list. An extra 6 trillion? Ha. First up then down. If we get too rowdy there will be reanalysis. In the meantime we range. We may range hard. We may blow hard. Who cares? It’s all a fucking fantasy anyway. Get your shit ready. This is not the only one but it is the best one. The standard. If you know why you know what you hold. HODL your shit Ice fucking cold before they take it. Peace love and All The Money.
BITSTAMP:XRPUSDLong
by TheGentlemanTraderCollective
COINBASE - To dip or not to dip 📉📈-The big U.S. indexes ended another volatile week in the red, led by a more than 2% retreat in the Nasdaq. The struggle between growth and value remains, as tech stocks continue to struggle. Inflation fears were boosted by higher than expected Consumer Price Index and Producer Price Index figures, leaving investors to keep a close eye on what the Federal Reserve may do next. -Bitcoin and cryptocurrency-related stocks are on a wild ride after Tesla (TSLA) CEO Elon Musk lit up Twitter over the weekend with comments suggesting the EV maker may have sold its remaining Bitcoin. Musk later clarified that Tesla has not sold any Bitcoin. Within hours of his initial comments, Bitcoin fell below $43,000, according to cryptocurrency tracker Coinbase (COIN). -Crypto platform Coinbase late Thursday reported first-quarter earnings of $3.05 per share, or $771.51 million, on revenue of $1.8 billion from $585 million in the previous period. The results were mostly in line with investor expectations and matched the company's preliminary report that was released ahead of its April 14 listing on the Nasdaq. Investors were expecting Coinbase COIN, -5.46% to report EPS of about $3.07 on revenue of $1.814 billion. -The company said that monthly transacting users, or MTUS, more than doubled to 6.1 million from 2.8 million in its previous three-month period. Coinbase also boasts 56 million verified users. The company says it expects user growth between 5.5 million and 9 million. -Trading volume came in at $335 billion, with around $120 billion consisting of retail investors and $215 billion from institutional investors. Bitcoin and Ethereum, another cryptocurrency, drove a large portion of that volume. -Coinbase logged operating expenses of $813 million during the quarter. Transaction expenses from the higher trading volume, as well as an increase in account verification fees and payment processing fees, pushed costs higher. Competition is increasing: -"Competition is increasing as new market entrants join the crypto economy every month," Coinbase said in a letter to shareholders on Thursday. "Our competitors are supporting certain crypto assets that are experiencing large trading volume and growth in market capitalization that we do not currently support, as well as offering new products and services that we do not offer." -During its earnings conference call, Coinbase said it would begin allowing trading of Dogecoin in roughly six to eight weeks. But it sees a future with "millions of different crypto assets," which would have to meet its security and compliance protocols. -When asked about how it can keep apace with potentially cheaper fees elsewhere, management said it wasn't focused on competing on fees. Its biggest focus, it said, was meeting demand. Coinbase also outlined a scenario where it could offer other companies — in finance or elsewhere — technological assistance in handling digital assets. Its Coinbase Cloud service, it said, was its "AWS for crypto." -Coinbase's fortunes hinge on people's interest in investing in Bitcoin and other cryptocurrencies. The exchange has warned that demand trends are "inherently unpredictable" due to the volatility in crypto prices. Crypto Fear & Greed Index: Currently standing at 27, a drop from last month's 76, the index stands at a very bearish level. Our Opinion on COINBASE: We recommend waiting through these volatile times where it is unpredictable whether the cryptos will get into the correction or will rise furthermore. Coinbase needs to determine the ground of support for a rise back which it hasn't determined yet. For now, we are just floating in the middle of nowhere. The closest potential support can be seen at 243-244. If it dips below this level, a bearish continuation is to be expected.
NASDAQ:COIN
by caldooninvestment
10