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COINBASE GLOBAL INC GDR EACH REPR 27 ORD SPONCC

COINBASE GLOBAL INC GDR EACH REPR 27 ORD SPON

12.50USDD
+0.50+4.17%
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Coinbase Update: Bottom looks madeLooking at MACD and the structure price has carved out, the bottom appears to be in. We still don't have confirmation though. That comes once we make a new high above $187.97. At this time, we have positive divergence not just on the micros but all the way up to the 4HR chart with the daily starting to weaken signaling a change in trend. Also, we bounced off the lower trend line and started to move higher. We could technically make another low, but we don't really have much room to fall. As I said in my last post, $114.41 invalidates this count. The first big clue we should see if the bottom is in is a breach of the 0.618 fib @ $138.41. I doubt we get that tomorrow, but I think we should get it this week. As of now, I only have 10 shares but will get more once we have more clues pointing towards confirmation. We have plenty of time as I expect us to head towards $190 at a minimum. Obviously, it won't be a straight line towards my box, but it should be a 5-wave move. One last thing, who noticed Citigroup raised their price target from $90 to $151? Quite the big jump, wasn't it? Current Coinbase Assets: 10 shares
NLong
by TSuth
Coinbase: The SEC Goes Back to CourtWhy it matters ? A hefty chunk of the U.S. crypto industry may well hinge on how the SEC's cases against Coinbase, Binance/Binance.US and Kraken play out. If federal judges agree that various digital assets are securities, and the SEC has the latitude to say which are, that'll impose new registration and reporting requirements on issuers and trading platforms. If, instead, judges find consensus in saying that the SEC has overreached or that Congress should create some tailored laws, that'll give a green light to a huge chunk of the industry. ................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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by CryptoTrend-Alerts
Long Short Idea: Short Coinbase, Long PfizerThe launch of a Bitcoin ETF could have a significant impact on Coinbase, the largest cryptocurrency exchange in the United States. Some analysts believe that the ETF could lead to a decline in trading volume on Coinbase, as investors may choose to trade Bitcoin through the ETF rather than directly on the exchange. Additionally, the ETF could put pressure on Coinbase's margins, as it would allow investors to borrow Bitcoin for less than they can borrow on the exchange. Pfizer, on the other hand, is a pharmaceutical company with a strong track record of innovation. The company has a pipeline of promising drugs that could generate significant revenue in the coming years. Pfizer is also well-positioned to benefit from the aging population in the United States and other developed countries. Short Coinbase There are several reasons why investors might want to short Coinbase. First, as mentioned above, the launch of a Bitcoin ETF could lead to a decline in trading volume on Coinbase. This would hurt Coinbase's revenue and profits. Second, the ETF could put pressure on Coinbase's margins. As investors borrow Bitcoin for less through the ETF, they will be less willing to pay high fees to borrow Bitcoin on Coinbase. This could squeeze Coinbase's profits. Long Pfizer There are also several reasons why investors might want to go long on Pfizer. First, the company has a strong track record of innovation. Pfizer has developed a number of blockbuster drugs, and the company has a pipeline of promising drugs that could generate significant revenue in the coming years. Second, Pfizer is well-positioned to benefit from the aging population in the United States and other developed countries. As the population ages, there will be a greater need for drugs to treat chronic diseases such as cancer and heart disease. Pfizer is a leader in these areas, and the company is well-positioned to capitalize on this trend. Conclusion The long-short idea of shorting Coinbase and going long on Pfizer is a contrarian trade. This trade is based on the belief that the launch of a Bitcoin ETF will be bad for Coinbase, but good for Pfizer. This trade is risky, but it has the potential to generate significant returns if the ETF does indeed hurt Coinbase's business. Disclaimer Please note that this is not investment advice. Investing in securities involves risk, and you could lose money. Before investing in any security, you should do your own research and consider your own risk tolerance.
NShort
by SabahEquityResearch
7
Coinbase Update: Moved lower into the box as predictedToday we hit right under the $140 area that I was calling for and then got rejected. According to my count this is the wave 5 of c of (4). As stated earlier I bought a measly 10 shares at about $125. I then set my stop limit @ $114.41 as this count becomes invalidated at that point. Notice how the 0.5 retracement fib is @ $114.39? Do you remember why that is significant? Looking at MACD we are on positive divergence in the micros and the larger time frame. I don't feel this has much lower to go before it starts to move higher again towards the low $200 area. If we start to get an impulsive move higher soon, I will probably buy either a few more shares or a couple calls.
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by TSuth
Coinbase Update: 01/17/2024In my last post I said I thought that Coinbase should be getting another low ideally. This was due to a few reasons, but it appears we may just get that low soon as this little retrace appears corrective. Ideally, we need a mini-c wave higher to the $140 area to finish out this mini-wave 4. We would then drop in wave 5 of c towards the 1.0 @ $124.73. Quite a few different tickers that I watch appear to point higher soon, rather for a retrace or to be finishing out their respective counts higher. Coinbase is its own chart though and seems to be affected by crypto much more than any other chart. Will this help it or hurt it? Time will tell but one thing seems certain, crypto is exiting its winter and seems to be starting a new bull cycle. With the SEC finally approving BTC ETF's and rumors of an ETH/XRP ETF coming in the future, it will surely get people excited. Coinbase more than any other stock stands to benefit the most. Time will tell.
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by TSuth
8
$COIN COMPLETE ELLIOT WAVE ANALYSIS Observations indicate that NASDAQ:COIN is currently within the fifth wave of a broader wave C. Notably, yesterday saw a reversal from the 0.5 retracement level, signaling the completion of wave 4 and readiness for the forthcoming wave 5. It is customary for wave 1 and wave 5 to exhibit equality in length, a consequence of the extended wave 3. Anticipating this pattern, I project that wave 5 will reach the 3.618 extension, approximately at $315, thereby concluding both wave 5 and wave C in their entirety.
NLong
by thekidtrader11
3
Coinbase UpdateThe price action to me, in regard to Coinbase, seems obvious. The action since our top of $187.97, has been corrective without a doubt. We have since carved out the a-b waves and currently headed towards the end of this c wave IMO. We dropped last trading session pretty hard and paused at the larger 1.0 extension & 0.382 retracements fibs. The hard drop is a hallmark of a c-wave as I have stated in the past. I still feel we have a little lower to go according to my target box, but Coinbase is building positive divergence on the micros and the larger timeframes. I don't want us to drop below the 0.5 retracement fib @ $114.39, or this is not likely wave (4), and I would need to return to the drawing board. Therefore, the two highest probability endpoints are the smaller 1.0 or 1.236 fibs @ $124.73-$116.96. I'm not saying we can't drop lower, but these are the areas I will be looking at for buying some shares and possibly calls. I will update with any trades made per the usual. Friendly Reminder: Beginning March 1st (~7 weeks), I will be dramatically changing my posting schedule here on trading view.
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by TSuth
2
Coinbase Breakdown them BounceLooks like Coinbase put in a head and shoulders. These are the highs for the past year and a half. The calculated lower target is the bottom of the second yellow arrow which, if it bounces there, would create a parallel channel along with the upsloping orange line (My chart has the corresponding lower orange line as well in anticipation of this bounce. Not sure if this will play out because I'm still learning but if it does it will give me some confidence in my chart analysis skills. Does this look probable to you guys?
NShort
by tjdean01
2