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COINBASE GLOBAL INCCOINBASE GLOBAL INCCOINBASE GLOBAL INC

COINBASE GLOBAL INC

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COIN trade ideas

COINBASE: Forming a Top. Selling gains momentum.Coinbase is on a bullish 1D technical outlook (RSI = 64.977, MACD = 22.160, ADX = 33.325) but at the top of the Channel Up. The 1D RSI Bearish Divergence on LH suggests that a similar top is close to getting formed (or already has) like on December 28th 2023. All major corrections since 2023 have been at a -39% minimum and reached always the 0.5 Fibonacci from the bottom. Consequently, we are now bearish on COIN, targeting the 0.5 Fib (TP = 185.00) where we will turn bullish again aiming for the Channel's top (TP = 350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COINLong
by InvestingScope
📉 COIN | New High, No New Highs, Shakeouts & Double TopSHORT traders are surely having problems with this stock... We caught the bullish wave early I have to say and that's one of the reasons why we are bearish, because we only buy low/near support. ➖ After going up, a stock moves down; no exceptions. ➖ After being bullish, we turn bearish; based on market conditions. I will try and explain my thinking so that we can create a better bond, improve our communication and how much benefit we can extract from these charts and this information. Yesterday COIN produced a new high based on session wick. The session close ended lower compared to the last wick high. Trading volume is low. Let's say you are super bullish in early March 2024 and here we can see that being bullish early March was the right choice; for us, it isn't and I will try and explain why. If you are day-trading or scalping or simply have a well though out plan, then this post will not be of use to you. If you are a beginner trader and are looking at Cryptos and stocks, this might be useful. When we are super bullish, we buy normally with hopes of obtaining big gains. We can be super bullish in early March and yes COIN moves ahead by 30%, but what is sure to follow is a very, very strong retrace or correction; did you sell? Sometimes we can be bullish correctly but expecting to see 50%, 80% or even 100% growth or more. While this is possible long-term, short-term prices are set to drop and that's why we go bullish only at the bottom, bearish at the top. ➖ One can be bullish, buy, see prices grow but fail to sell. ➖ The stock continues to grow for months but still it won't meet our targets. ➖ Our targets fail to meet and the next wave starts... So COIN did move ahead but trading volume is low and we have clear top signals all around... Holding this stock for short-term gains would be the wrong move because it already grew so much. The chart is pointing lower at the same time based on a wick higher high, a 5-up wave pattern and a clear double-top. Knowing these signals, we focus solely on the short side. Not that it cannot keep on growing but that the upside is very limited at this point. When I see I chart like this one I would rather (1) sell or (2) wait for prices to move lower, develop a support zone, buy at this support zone and ride the entire bullish wave up. In fact, we are waiting for the correction before bullish again long-term to enjoy a major ride in late 2024 all the way to mid-late 2025. Stay away from Coinbase, that's my view. Remember to do your own research. This is not financial advice. Namaste.
NASDAQ:COINShort
by AlanSantana
2
Coinbase Update: Buying Opportunity Coming upStill behaving as predicted. Notice price hit the 0.236 retracement fib to the cent today? This just reinforces the accuracy of the retracement tool and helps verify the count. I am counting that as our mini B wave which indicates we're now in the C wave of b. It appears we've carved out the first wave of that C wave thus far. I expect us to continue higher tomorrow and start to knock on the door of that target box or even tag it slightly. I doubt this count completes tomorrow but anything is possible. My plan stands as of now, which is to buy some puts when we enter that box. I expect price to drop to $200 or lower at a minimum for the next drop. Current Count: C of b of A
NASDAQ:COIN
by TSuth
9
COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
NASDAQ:COINShort
by Goontata84
9
Cathie Wood’s Ark Invest sold $69M Coinbase ($COIN) SharesCathie Wood's Ark Invest has made headlines once again with a significant sell-off of Coinbase ( NASDAQ:COIN ) shares, amounting to a staggering $69.5 million. As one of the leading voices in the investment world, Wood's strategic moves often garner attention and spark discussions among investors. This latest divestment of Coinbase ( NASDAQ:COIN ) shares raises questions about Ark Invest's strategy, the performance of Coinbase, and the broader implications for cryptocurrency investors. Ark Invest's Strategy and Coinbase's Performance: Ark Invest operates with a strategic vision aimed at maintaining a balanced portfolio across its ETFs, necessitating periodic rebalancing when individual holdings exceed certain thresholds. The surge in Coinbase's share value, fueled by the recent rally in the price of bitcoin (BTC), prompted Ark Invest to conduct this substantial sell-off. Despite this move, Coinbase's weighting across Ark's ETFs remains above the 10% threshold, hinting at the potential for further sales. Market Response and Coinbase's Current Performance: Following Ark Invest's divestment actions, the market response to Coinbase's performance has been closely watched. Despite the sell-off, Coinbase ( NASDAQ:COIN ) has shown resilience, with a 5.77% increase in pre-market trading. This uptick in share price reflects investor sentiment and underscores the volatility inherent in the cryptocurrency market. As Coinbase ( NASDAQ:COIN ) continues to navigate this dynamic landscape, investors are keenly observing its performance and evaluating its long-term prospects. Implications for Investors: The divestment of Coinbase ( NASDAQ:COIN ) shares by Ark Invest raises important considerations for investors. It highlights the need for a balanced approach to portfolio management, particularly in volatile markets like cryptocurrencies.
NASDAQ:COINLong
by DEXWireNews
Bullish on COINBASE - Reasons to BuyAn investment in COIN (Coinbase Global Inc.) represents a compelling opportunity to invest for several reasons: First, as a leading cryptocurrency exchange platform, Coinbase is at the forefront of the rapidly growing digital asset market. As cryptocurrency adoption increases, Coinbase stands to benefit significantly from the growing demand for trading and investing in digital assets. In addition, Coinbase's business model offers multiple revenue streams, including transaction fees, custody services and institutional trading, which positions the company for long-term growth and sustainability. Coinbase's strong reputation for security and regulatory compliance enhances the company's appeal to both retail and institutional investors. In addition, the recent approval of a Bitcoin spot exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) provides another opportunity for COIN investors. As the market for cryptocurrency-related financial products continues to mature and expand, COIN will benefit from increasing trading volumes and investor interest in digital assets.
NASDAQ:COINLong
by Ochlokrat
1
Coinbase Stock Surpasses Initial Public Offering PriceThe stock price of Coinbase ( NASDAQ:COIN ) has surpassed its initial Public Offering (IPO) price for the first time in over two years, as Bitcoin ( CRYPTOCAP:BTC ) reached a new all-time high. When the most prominent U.S. crypto exchange entered the public market through a direct listing in 2021, the Genesis price was $250 per share. Initially, the stock experienced a surge, reaching a peak of $350 per share in November 2021. However, it concluded its first year on the market with a 38% loss. The following years saw Coinbase’s ( NASDAQ:COIN ) shares struggle as the cryptocurrency market plummeted and regulatory scrutiny from the SEC intensified. However, the past year has witnessed a dramatic turnaround for Coinbase ( NASDAQ:COIN ), thanks partly to Bitcoin’s price surge and the SEC’s approval of spot Bitcoin ETFs. As a result, Coinbase’s ( NASDAQ:COIN ) stock value has spiked by over 300% in the past 12 months. The company’s stock surged over 5% today after the latest bull run saw CRYPTOCAP:BTC reach a new peak of $70,000, but Coinbase ( NASDAQ:COIN ) is not the only company benefiting from the current bull market. MicroStrategy Inc., the largest Bitcoin holder, also increased its shares by 113% in the past month. NVIDIA’s stock also rallied over 20% this month due to its close association with Bitcoin mining. Despite Coinbase’s ( NASDAQ:COIN ) latest achievement, savvy investors who have held onto their shares since the beginning may not feel completely vindicated. By the end of 2022, the company’s stock had plummeted by 86%. Nevertheless, Coinbase’s ( NASDAQ:COIN ) stock has been on an upward trajectory alongside the crypto market. The rise comes despite recent technical issues on Coinbase’s platform, where some users reported seeing zero balances.
NASDAQ:COINLong
by DEXWireNews