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COINBASE GLOBAL, INCCOINBASE GLOBAL, INCCOINBASE GLOBAL, INC

COINBASE GLOBAL, INC

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COIN trade ideas

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
NASDAQ:COIN
by MillionaireEconomics
3
COIN 1D Chart - At ResistanceToday you can review the technical analysis idea on a 1D linear scale chart for Coinbase Global, Inc (COIN). Coinbase price is around the major support and resistance line and has the possibility to head lower. Price target is $17-19. If price moves higher, it could go as high as $85-87. I am not confident of the price heading much higher. Including in the chart is Volume and Keltner Channels. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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! #millionaireeconomics
NASDAQ:COIN
by MillionaireEconomics
1
Jade Lizard Trade Idea for a 1/20 ExpirationA 'Jade Lizard' trade involves selling a short put and call credit spread such that the premium of the short put covers the max loss of the call credit spread (and then some). The result is no risk to upside. COIN is down 87% (!!) on the year. I'm not convinced enough to take this trade just yet but will decide in the next couple days. The timeframe is 30 days and with the holidays, the new year, the congressional turnover, etc., I don't think much is going to transpire one way or another. This is a neutral trade idea that should be a good fit for this exact sort of stagnated short-term circumstance. +1 $41.5 long call 1/20. -1 $40.5 short call 1/20. -1 $30 short put 1/20. Credit of around $183 at time of order execution. 1) Ideally the price will be under $40.5 and over $30 on 1/20. RESULT = credit of $183 confirmed. 2) If the price is ABOVE $41.5, then the call credit spread will need to be closed for max loss of around $100. RESULT = total profit $83. <--short $40.5 call will need to be closed if price is anywhere over $40.5 on 1/20. 3) If the price is below $30 on expiration the put will be assigned and 100 shares of coin will need to be purchased at an average cost of $28.17 per share ($3,000 - $183). Selling calls at strikes >$28 will be the next logical step until assignment and shares sold.
NASDAQ:COIN
by zach6667
Shares of Coinbase underperform vs. cryptocurrency marketSince our previous article on Coinbase, the price of shares has drifted to new lows before staging a rebound. Currently, the price hovers around 35.6$, which is down more than 91% from its all-time high value in 2021. With many structural problems in the cryptocurrency market, we doubt the stock will reverse the primary downtrend anytime soon. Thus, after the relief ceases, we expect Coinbase to retest its recent lows. Illustration 1.01 Illustration 1.01 shows an astounding decline of more than 90% in the value of Coinbase stock from its all-time-high value in 2021. Technical analysis Daily time frame = Bearish Weekly time frame = Bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Editors' picks
NASDAQ:COINShort
by Tradersweekly
22
In the No Support ZoneCOIN will have to form new support. This just does not look bullish to me at all right now. This would usually be a basing pattern like a rectangle or a triangle. FTX's owner was paying politicians, ripped a bunch of folks off, and none of this is helping. I own some crypto, not a lot anymore but it is with this company and I trust them. I have owned it for over 20 years. I am not selling what I have left and will weather this storm. I am one of the folks that think this will come back one day so I will hang with what I have not sold. Things change. This I know. Crypto is moving with the market. Many would question holding a "stock" right now as well. C did not catch this. Almost did but no cigar. Almost only counts in horseshoes and hand grenades )o: No recommendation except refrain from going long on crypto or COIN right now (o:
NASDAQ:COINShort
by lauralea
4
Coinbase, another rotting apple? Throughout the year, we watched numerous cryptocurrency institutions go down in flames amid an unprecedented bear market. We mentioned Celsius Network, CoinFlex, Voyager, and, of course, FTX, among some other names. With many bad apples out of business, it is time to look at the remaining market players like Coinbase. The company reported a loss of $544.64 mil. for the third quarter of 2022, which follows a $1.09 bn. loss in the second quarter and $429.66 mil. in the first quarter. The total loss for the nine months of 2022 exceeds $1.98 bn., reflecting a big blow to the company with $111.16 bn. in total assets and $105.54 bn. in total liabilities (as of 30th September 2022). Furthermore, the company disclosed a staggering decline in trading volume from $327 bn. to $159 bn. (YoY) in the third quarter of 2022 (down from a peak of $547 bn. in Q4 2021). In our view, these are significant issues the company is facing. Indeed, we believe they will get exacerbated with the FED raising rates and regulatory scrutiny. As a result, we are very bearish on Coinbase and expect it to continue much lower, potentially facing the risk of significant problems with liquidity. Illustration 1.01 A high correlation between cryptocurrency prices and Coinbase will continue to threaten the company's well-being. Technical analysis Daily time frame = Bearish Weekly time frame = Bearish Illustration 1.02 The yellow arrow shows a new yearly low at 39.65$. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:COINShort
by Tradersweekly
20
Coinbase Global, Inc. (COIN) Looks Terrible, Losses SupportThe low for Coinbase (COIN) was set back in 12-May 2022 at $40.83. Today, 193 days later, COIN losses this support and a new low is hit. The volume profile spells doom for this stock. We can see strong bear volume and weak bull volume as this new low is being hit. Everything is about to speed up... We can expect bottom searching on the next drop. CHANGE COIN needs to move and close above $50 or EMA10 for the bulls to be back in the game. Namaste.
NASDAQ:COINShort
by AlanSantana
8
The Crypto Battle Royal Draws to a ConclusionThis story about crypto started about 2 years ago. It starts with an idea about why Blackouts in Xinjiang were linked to crypto problems in China. The idea was that bitcoin was going to solve inequality and be free from government manipulation. What could be more opposite to what China wants. The cost? A surge in energy and semiconductor demand unlike anything thought possible at the time. China gave us the first indication the cost was to much to sustain and exited the ring for who would control bitcoin. The next to leave the ring were popular dollar pegs. It wasn't long before wall street got involved in the fight by taking Coinbase public along with ETFs and enough dumb money to bankrupt a country. I stood up on my soapbox (Trading View ❤️) and shouted what I knew to be inevitable. But at the time, nobody was listening. The stock market and crypto went into a spiral downward in harmonic correlation. Finally after 2 years and several criminal masterminds identified by MSM. translation = SBF is about as solely responsible for crypto collapse as Madoff was or Kareem Serageldin. I thought this story would end with Bitcoin dying completely. But then I noticed players like TastyTrades stepping into crypto ring and thought to myself maybe there is a chapter 2 to this story. I think there is a lot more legitimacy to digital currency now that players like TastyTrades are entering at this particular time. I could be wrong on this one, but I'm leaning risk on by buying Coinbase here. Feel free to leave hate mail below in the comments 👇👇
Editors' picks
NASDAQ:COINLong
by SPYvsGME
22
$COINBASE- 5x in 2 yearshad a relative buy this a while ago and now cursing crypto imo these are just cycles where we get emotionally sucked in and ignore the fact that the weekly stoch has bottomed and about to turn up already deployed most of my cap trying to get rid of something to pop in more incase we do get a flush to 11500 look at buying your shitcoins like you were buying a house . major gains only after a while since there are lots of levels to break through fun only begins after 208 in this case.
NASDAQ:COINLong
by CompoundingGain
$COIN trade recap$COIN The stock opened with a gap down and I had it on my watch list and trading plan, the initial idea was to take the stock from $42 if strong support was created at the level but it didn't happen and the stock went up strongly with the market up to the $45 resistance area. From there I took the stock short as soon as it broke an area there which in my opinion there is no way back for the stock to go up and the market also changed its direction down. Entry - 44.37 Stop - 45.01 Take profit - $43 You can see that I took some profit at 43.65 but it was a little less than 5% of my risk (it was to reassure myself because there was a level of support, but not strong at all)
NASDAQ:COINShort
by TradeThePool
1