NASDAQ BLOCKCHAIN ECONOMY INDEX🧾 Intro
The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.
The Index began on December 1, 2017 at a base value of 1,000.00.
TOP 10 HOLDINGS and Index Weight
• As of June 30, 2021:
1. COINBASE GLOBAL (COIN): 2.26
2. IBM (IBM): 1.87
3. ACCENTURE (ACN): 1.82
4. SILVERGATE CAPITAL (SI): 1.81
5. FUJITSU (6702): 1.80
6. OVERSTOCK.COM (OSTK): 1.79
7. MICROSTRATEGY (MSTR): 1.78
8. BAIDU (BIDU): 1.78
9. JD.COM (JD): 1.76
10. SQUARE (SQ): 1.73
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Total = 18.41
Source: indexes.nasdaqomx.com
📈 Graphic Analysis
I believe this week we will see the breakout of that orange diagonal line, peaking up to the 0.5 retracement at $1443.60.
Coin
CULT A while back i posted this TA on CULT DAO
Check it out.
I have been accumulating heavily at these prices , I think this project is a ticking time bomb, its baked into the code , its undeniable that over time supply will shrink and one day there won't be much cult to buy.
At the moment we are in a triangle and since October 2022 we have formed a very nice base , lower highs on the daily since Nov 29th 2022 .
RSI also showing something big stirring up with if we can break this level of resistance we could see a nice rally.
Money Flow Index
We can also see that MFI has been making lower highers ever since September 2022
This project goes to 10 billion marketcap in the future no doubt sometime by 2025.
Cardano (ADA) Coin Analysis!We examined the chart of the Cardano coin.
To continue the bullish move, Cardano coin must close 7-hour candles above the $0.2836 zone, the red zone indicated on the chart.
If ADA coin can close above the $0.2836 region, we think the bullish move will continue until the $0.2985 region.
When we examine the important support areas of ADA Coin, the important support area of the ADA coin is located at $0.2690.
If Cardano (ADA) coin fails to close above the $0.2840 zone, it can continue its downward move up to the support zone of $0.2590.
Not Investment Advice.
COIN at an accumulation spotZach J said "COIN published their proof of funds" and people feel better about it. Also, they have "survived" all of the debaucheries in the industry and sector. I have said for a LONG time, this is one of the 'few I trust' and one of 2 I have ever put $$ into. This and Kraken... :-)
COIN will dump- short it now Coinbase stock is ready to drop .
Stoch indicator shows an overbought conditions.
The price faked out a little bit above the resistance trendline, but it got rejected from an upper boundary of the Bollinger bands.
Expecting a nice drop.
Target: 31,40 $ which would be a lower boundary of the BB.
Good luck
Coinbase - small bounce before the dump (1h timeframe trade)The price moves in the channel .
At the moment the double bottom pattern on 1h timeframe is valid and we expect the push up towards the downsloping resistance line . After that, we should see one more dump before we reach 'aggresive' target from Head and shoulders that we identified some time ago:
Conservative target was already reached.
You can long it now or short it at the resistance.
Targets are shown on the chart
Good luck
Coinbase stock will follow Bitcoin?Bitcoin broke the key level which it held for many months.
Yesterday Coinbase´s price bounced from the key support however we expect that Coinbase stock will follow Bitcoin´s path therefore getting rejected from the resistance (red line) wouldn´t be surprising.
According to technical analysis, support which is tested more times is more likely to break down.
If the price retests the support at 45 $ again, we believe that it will break and from there the price will drop to $16 - $ 20 which could be a bottom. It´s also a 1,618 fib extension.
Sentiment in cryptocurrency market is mega bearish therefore it´s likely that coinbase´s price as a crypto firm will continue decreasing.
Stay safe.
COIN-New 52 Week Low!COIN recently made a new 52 week low!
A descending triangle pattern was identified on the daily chart. Price broke below the lower trendline of the pattern.
Also, a falling wedge pattern was identified on the one hour chart. COIN traded in a tight range Friday and closed in the supply zone .
MrALtrades00
The MASK Has Fallen! 🤿Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 After breaking below the last major low in gray, MASK has been overall bearish trading inside the falling red channel.
MASK is currently approaching a strong daily support in blue 2.0
📈 For the bulls to take over again , we need a break above the upper red trendline AND the last high in gray.
Meanwhile , until the buy is activated, MASK would be overall bearish and can still break the 2.0 downward.
If the 2.0 is broken downward (daily candle close), then a movement till the 1.5 support would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
📈 Daily chart:
On the daily chart, there was a 🐻🔫 bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30.
⚡Volatility contraction
📈 Weekly chart:
📈 Daily chart:
The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility.
Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
update BTCafter yesterdays and todays volatility we broke out of the diamond pattern, re-tested it and are now looking to flip the 16.9 resistance zone. As the rising wedge zone is tightening and macro numbers coming in lower than consensus (which is good to stop further tightening by the fed). I'm kind of patient here to see what's going to happen in the short term. Flip 16.9 and close 4h candles above? I'm going to open a big long.
Good luck everybody.
Disclaimer: This is no financial advice. Please do your own research.
Meme Basket Found - AMC CHPT COIN DT F FIVN GME GRAB HOOD LUMNTo add a good approximation of what the current meme basket looks like just copy this and add it as a new symbol.
AMC+CHPT+COIN+DT+F+FIVN+GME+GRAB+HOOD+LUMN
This is the current basket and someone's sold $166 mil worth of spreads ranging between $0.4 up to $6.3 in spread on this basket on the 7'th of Dec and 15'th of Nov. There's around 78 transactions worth $2m each done in quick succession on those dates.
Here's the stocks that are part of this basket:
AMC
CHPT
COIN
DT
F
FIVN
GME
GRAB
HOOD
LUMN
This isn't that good because HOOD is part of the basket and so is AMC (which we all kinda knew). But because HOOD is part of this basket and FTX's was hoarding HOOD shares that may be sold off in the market (hopefully will be sold in a block trade auction instead), if those HOOD shares are sold at market value, they'll tank the whole basket. Regardless, even if sold algorithmically, those HOOD shares are going to have a decently big effect on the basket (Price go down).
This is a weird basket with lots of mixed sectors... All i can say is that there's a falling wedge which indicates that something may start occuring in Feb just in time on Feb 21 for the quarterly meme run. Hopefully the whole market doesn't decide to correct again on that date like it has the past few cycles specifically on that EXACT day out of coincidence...
Found this swap in the DTCC- SEC swap depository online as this is something i've been tracking for a bit over a year now. Since a month ago SWAPS are reported with a lot more and useful information and the full meme basket name is now visible basically.
Coinbase - head and shoulders pattern (NEW)What we can see on the chart is a potential head and shoulders pattern forming.
Currently the price might be forming the right shoulder.
If this pattern were to form itself fully , we will be looking for a break down with a volume surge.
The target from this formation would be around $32.
If you enter short position, remember to put a stop loss which could be placed above the head of the pattern.
Now let's see what we're gonna get.
Good luck
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
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 $85-87. I am not confident of the price heading much higher. Including in the chart is Volume and Keltner Channels.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Shares of Coinbase underperform vs. cryptocurrency marketSince our previous article on Coinbase, the price of shares has drifted to new lows before staging a rebound. Currently, the price hovers around 35.6$, 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.
$COIN hit very precisely my short target at $62 Last time a warned you about the coming crash... And $COIN seems to have followed my chart with great precision (see my previous TA, 100% profit)
What next?
$COIN going to drop to $45 (med term), could have a small bounce to $75 before it drop to $45
from $45 it probably going to bounce to $60.
Long term short target is $13 if it fall bellow $45 🔥
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.
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.
🚀 Get Back to Work Party People!💥Hello! I am enTHUZed from TradingView. Some may say I have a split personality between a fulltime crypto futures trader & educationally focused content creator. I teach a unique trading system called the Strength Trading System where we employ max cross margin leverage with proper position sizing to manage one’s average price while we often trading in both directions. When deployed properly this system yields the highest win rate compared to all trading systems.
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