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Coinbase's high uncertainty rating explained, key zone $190Coinbase's stock price has been in a downward consolidation phase since March, with a key level zone identified at $190. This zone represents previous highs and serves as a crucial support level during this period. A breach below $190 could trigger selling pressure, potentially pushing the price lower towards the open gap at $143. This scenario suggests that a break below $190 may signal further downside momentum in Coinbase's stock price. Coinbase's first-quarter earnings, scrutinized by Morningstar, revealed robust growth driven by surging cryptocurrency prices and volatility. Revenue more than doubled to $1.6 billion, bolstered by a $737 million gain on mark-to-market cryptocurrency assets, resulting in a net income of $1.18 billion. The retail trading business emerged as the primary revenue driver, experiencing a 99% increase from the previous quarter and a remarkable 184% surge from the previous year, totaling $935.2 million. Despite concerns over long-term price competition due to high fees relative to peers, Coinbase's market share remained resilient, with average pricing trending upwards. Economic Moat Rating and Financial Strength Morningstar assessed Coinbase's economic moat as nonexistent, despite its leading position in the US cryptocurrency exchange market. The company's reputation for reliability and compliance has allowed it to charge higher fees than many competitors. With over $5.1 billion in cash and significant cryptocurrency assets, Coinbase maintains a strong financial position, providing flexibility during periods of market volatility. Risk and Uncertainty, Bull and Bear Perspectives Coinbase's exposure to cryptocurrency prices and trading volume, coupled with regulatory uncertainty and interest rate exposure, contributes to its Very High Uncertainty Rating. Bulls emphasize Coinbase's leading market position and potential for global expansion, while bears caution against the cyclical nature of cryptocurrency markets and regulatory challenges, including allegations of acting as an unregistered securities exchange by the SEC.
NASDAQ:COIN
by Vestinda
Apple: "Buy the dip " in short term?Hi Traders! On the daily time frame NASDAQ:AAPL has completed an important bullish structure and it is currently working on a corrective structure on the intraday chart. That said, in our view, Apple will trigger a bullish corrective structure in the near term, with ABC Pattern or a harmonic structure. With this in mind, our view is bullish with “Buy The Dip” with Target 1 around 180 area. Trade with care Like | Share | Comment
NASDAQ:AAPLLong
by TheAnonymousBanker
7
AAPL → a double top?!hello guys... apple broke the descending trendline and after that made double top! however, the neckline has not broken yet! if the yellow area breaks down we can expect a downward movement toward the blue area! so the target will be 144$ ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
NASDAQ:AAPLShort
by melikatrader94
3
TSLA → Daily analysishello guys... based on my previous analysis of #tesla: the main trend in the daily time frame is bearish so far! I believe the trendline of the pattern will be breakout after retesting the S&D! meanwhile, the price made a head and shoulders pattern and broke it out! so in a shorter time frame the price will fill the gap to touch the target of the pattern, then we can expect another downward movement! ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
NASDAQ:TSLAShort
by melikatrader94
7
NVIDIA April 24Nvidia, do your own M M Targeting Discount 50% fib ( 684 ) & 61.8 fib ( 615 )from LastLow 393 ~ HigherHigh 975 Buy plan, Purple -Range 725 ~ 663 -Fomo : buy at 1st touch -Safety but possible too late: buy at 2nd touch purple box or wait confirmation technical / news try to get the Avg holding at 700 or under, as long as the price D1 closed bellow 787 Escape plan, Blue -Avg Down, Range 628~600 to get Avg price under 690 -Cutloss / Partial sell : Nearest SBR base at 690 -2nd option, put into your Invest account, as long as the price W1 closed above 500, its still good for long term. Target Plan, Green-Purple -Head of HH range: 897~975 -To continue up trend , W1 need to closed above 975. No retrace if the NVIDIA boosted by news. Otherwise Buy price Avg Up could be at 930. And keep the Avg holding price under 833 when doing avg up
NASDAQ:NVDALong
by Raiden_R
Mid April: Market pullbacks, inflation concerns; critical levelsIn April, the markets navigated a sluggish terrain, witnessing pullbacks from the record highs achieved in March for both the S&P 500 and the Dow. Meanwhile, the NASDAQ experienced a marginal dip, bolstered by specific technology stocks. Persistent concerns surrounding inflation lingered, exacerbated by the latest Consumer Price Index data revealing a 3.5% annual increase in March, with core inflation climbing to 3.8%. These figures, coupled with inflation data surpassing expectations, tempered anticipations for immediate interest-rate adjustments. Our analysis pinpoints a notable development as the US stock market dipped below the critical 5141 level, meriting close observation. Signs suggest a potential further descent, potentially to close a gap, presenting a prospective opportunity for traders. We recommend traders monitor these levels vigilantly for insights into market trajectory and potential trading prospects, particularly surrounding the 4982 gap level. This juncture could serve as a pivotal support or resistance zone, contingent upon price action and market sentiment. Diligently tracking these benchmarks can furnish invaluable guidance for making well-informed trading decisions amidst the current market landscape.
SP:SPX
by Vestinda
Technical Analysis of Nasdaq 100 Index in 1 Hour Time Frame(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction. (2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level. (3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times. (4) Recently with a gap down, price is currently trading below its trend line support level. (5) There is a possible chance that the price again can come to its support zone and bounce back from here.
NASDAQ:NDX
by NaranjCapital
Riding the Waves with Affirm Holdings An Elliot Wave PerspectiveGreetings, fellow learners of the financial markets! Welcome to RK_Charts, and today, let's delve into an educational exploration of Affirm Holdings. Technical Insight: Affirm Holdings is currently trading near $36.70, showcasing an intriguing Elliott Wave pattern. Having successfully navigated through waves (1), (2), and (3), the stock now finds itself in the midst of the corrective phase, wave (4). Within this phase, wave C is on the verge of completion, having completed waves A and B. Detailed Wave (4) Analysis: Zooming in on wave C, the intricate journey unfolds with meticulous completion of waves ((i)), ((ii)), ((iii)), and ((iv)). As we stand on the precipice of the final leg which can show little new Low also possibly with Bullish Divergence, wave ((v)) beckons, potentially signaling an upcoming bullish move, So new Low can be an opportunity at lower levels. Educational Purpose Only: This analysis is presented solely for educational purposes. It is crucial to understand that market dynamics are multifaceted, and investing involves inherent risks. Always conduct thorough research, factor in personal risk tolerance, and consider seeking advice from financial professionals. Invalidation Level: In this educational context, an invalidation level is established at $30.65. This level serves as a precautionary measure, signaling a point at which the current analysis may no longer align with market movements. It's a reminder of the importance of risk management in any trading or investment decision. Potential Target: For those intrigued by market dynamics, consider the educational exercise of contemplating a long position in Affirm Holdings. The anticipated target of $52.50 aligns with the top of wave (3), illustrating a potential upward trajectory. Conclusion: In the realm of financial education, Affirm Holdings provides a captivating case study. Approach this analysis with a curiosity for learning, acknowledging the fluid nature of markets, and embracing the importance of risk-aware decision-making. Happy learning I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:AFRMLong
by RK_Chaarts
S&P500 Upward Trend Still Intact"The S&P index continues its upward trajectory, defying expectations of contraction. Despite occasional fluctuations, the overall trend remains resolutely upward. Investor confidence appears unwavering, bolstered by strong economic indicators and corporate performance. This sustained growth signals stability in the financial markets, encouraging continued investment activity. Analysts attribute this resilience to a combination of factors, including fiscal policies, technological advancements, and global market dynamics.
OANDA:SPX500USDLong
by Kara_trade
NASDAQ Aiming Higher: New Upward Rally Continues!NASDAQ maintains its upward trajectory, continuing its ascent in a new rally. With bullish momentum intact, the index remains focused on reaching higher levels. Investors are optimistic about the sustained growth potential, driving confidence in the NASDAQ's performance. As the rally persists, attention is keenly directed towards emerging opportunities and potential market developments. Amidst evolving market dynamics, the NASDAQ's resilience and upward momentum underscore its significance as a key benchmark for technology and growth-oriented stocks.
OANDA:NAS100USDLong
by Kara_trade