Coin
CALAMARi KMA" $0.0029 | A 1 2 3 4 5 day wonderjust charts ... no news no updates just a day in the life
of a coin that is over SOLD .. sold out meaning no more supply to sell
put on a trade and wait for that 3x to 10x few day BIG GAiNS
happens all the time during FED Circus where BTC tends to hunt stops both sides and
super coins tend to dazzle like a beauty pageant
PROJECT is great a KUSAMA KZ project (next big wave post Ai)
Coinbase Wins VASP Crypto Approval in France Ahead of MiCA Coinbase Wins VASP Crypto Approval in France Ahead of MiCA
Crypto exchange Coinbase has secured key approval from the French financial market regulator to offer crypto services in France, according to a statement issued on Thursday.
The development paves the way for Coinbase to expand its European services ahead of the Markets in Crypto Assets (MiCA) regime, creating a robust framework for crypto-native companies to offer regulated products and services in the EU bloc.
Coinbase Secures VASP Registration in France
On December 21, Coinbase announced that the Autorité des marchés financiers (AMF) had granted the company a virtual asset service provider (VASP) approval, a green light to operate in the domestic market.
The VASP registration will allow Coinbase to offer users in France a full suite of retail, institutional, and ecosystem products and services. This includes custody of digital assets, buying and selling of digital assets in legal tender, and digital assets trading against other digital assets.
Coinbase to $118 before facing selling pressureCoinbase is working on a weekly close that would be the highest of the past 13 weeks.
Additionally, it has broken out above the weekly Cloud for the first time in it's history.
Once the Chikou Span is in 'open space', it will confirm an Ideal Bullish Ichimoku Breakout.
NASDAQ:COIN 's periodicity suggests that the next price and time levels to watch are the last week fo December 2023 near the $118 value area where the 100% Fib. extension and the top of the Volume Profile currently exist.
However, because the volume profile is almost non-existant above $120, there is a high probability that NASDAQ:COIN could just shoot above in an insane rally.
Coinbase Expands in Europe with French VASP LicenseFundamental Analysis
Coinbase expands to France with VASP license, seizing opportunities in a thriving crypto-friendly market amid U.S. regulatory challenges.
Coinbase, a cryptocurrency exchange, has marked a European expansion by securing a virtual asset service provider (VASP) license in France. This development, confirmed by a company spokesperson, signals a major stride for Coinbase in extending its services in the European market. France’s AMF watchdog, recognizing the potential of digital currencies, has effectively given Coinbase the green light to operate its array of crypto services within the country.
Coinbase European Expansion Amid U.S. Regulatory Challenges
Amidst increasing regulatory pressures in the United States, Coinbase’s move into France represents a strategic shift in focus. The U.S. Securities and Exchange Commission (SEC) has been notably stringent with cryptocurrency firms, leading to heightened tensions. Coinbase, facing allegations from the SEC of engaging in illegal securities dealings, has countered these claims, advocating for clearer crypto-specific regulations in the U.S.
Coinbase’s European venture came when the U.S. Department of Justice took stern measures against crypto giants like Binance, resulting in substantial settlements and leadership changes. This contrast in regulatory environments underscores Coinbase’s decision to deepen its presence in Europe.
France as a Tech and Crypto Hub
Coinbase’s French expansion aligns with President Emmanuel Macron’s vision to transform France into a global technology hub. Under the “France 2030” initiative, the French government has allocated 34 billion euros in investments over five years. This investment bolsters France’s position in cutting-edge technologies, including artificial intelligence, cloud computing, and blockchain.
The country’s progressive stance on technology and digital assets has attracted several crypto firms, including Circle, Binance, and Crypto.com, which have established their European bases in Paris. The presence of major players like Ledger, a crypto custody service provider, further solidifies France’s burgeoning role in the crypto landscape.
Rising Crypto Adoption in France
Despite recent market downturns and industry challenges, France has witnessed a steady increase in cryptocurrency adoption. According to Toluna, a data firm, around 10% of French adults currently own crypto assets, and 24% plan to engage in crypto transactions within the next year.
Therefore, Coinbase’s entry into the French market with the VASP license comes at an opportune moment. This move enhances the company’s European presence and taps into French consumers’ growing interest and adoption of digital assets.
Technical Analysis
NASDAQ:COIN stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. In case of a negative reaction, the stock has support at approximately 110 dollar. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors.
The stock has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
Ark Invest Offloads $49M in Coinbase (NASDAQ: $COIN) SharesCathie Wood's Ark Invest sold its largest amount of shares in cryptocurrency exchange Coinbase since July, offloading 335,860 shares across three ETFs. The sale raised $49.2 million at Coinbase's closing price.
Ark has been consistently selling Coinbase stock as its shares have appreciated alongside bitcoin's rally.
Coinbase Trading Volume Soars While COIN Stock Rallies Key takeaway
1. Coinbase experienced a substantial 62% surge in trading volume following Binance's $4.3 million settlement.
2. Blockchain analytical firm Kaiko stated that Coinbase gained market share, particularly outside US trading hours.
3. COIN stock rallied approximately 73% during the past month, reaching a high of around $137 as of December 1.
Coinbase Emerges as the Winner
Following the resolution of the Binance case, Coinbase, one of its rivals, emerged as one of the biggest winners. The Brian Armstrong-led exchange’s trading volume increased by around 62% month-on-month to $50.4 billion from the $31.16 billion recorded in October.
Prominent blockchain analytical firm Kaiko corroborated the surging volume in a recent report. It stated that Coinbase and Bybit have emerged as the main beneficiaries of the issues with Binance.
According to Kaiko, Binance has ceded some market share to Coinbase in non-US hours and Bybit across the board.
“Coinbase’s share grew the most outside of U.S. trading hours (14-22 UTC), instead surging in the middle of the trading day in Europe and the beginning of the trading day in eastern Asia,” analysts at Kaiko said.
COIN Stock Rallies Past $130
Amid these developments, Coinbase’s COIN stock rallied by approximately 73% over the past month. The stock’s value surged from roughly $80 at the beginning of November to around $137 as of the market closing on December 1.
The rally continues a year-long trend of COIN’s price performance outperforming flagship assets, Bitcoin and Ethereum. The stock’s value has increased by over 100% in the last six months and by 260% year-to-date.
$COIN- Key LevelsCoinbase NASDAQ:COIN broke out of the major multi month resistance level 115.07 and is currently sitting very close to the major downtrend line at 133.76.
Stochastic is overbought at over 95%, a healthy retrace and back test to 119.74 would launch the next run to 153.18 and 160.38. Ultimate target for this bull run to continue is 205.22.
Supports at 115.07 and 99.56.
Coinbase Announces MATIC And Bitcoin Cash (BCH) PerpetualsCoinbase announces support for Polygon (MATIC) and Bitcoin Cash (BCH) perpetual future contracts on Coinbase International Exchange.
Coinbase International Exchange on Saturday announced plans to launch Polygon (MATIC) and Bitcoin Cash (BCH) perpetuals futures contracts on the Coinbase International Exchange and Coinbase Advanced. The move comes as Coinbase’s international offshoot expands its crypto offerings amid the massive rise in trading volumes.
Coinbase International Exchange Launches Polygon And Bitcoin Cash Perpetuals
Crypto exchange Coinbase International Exchange in an official announcement on December 2 revealed support for Polygon and Bitcoin Cash perpetual future contracts on Coinbase International Exchange & Coinbase Advanced.
Users can start trading MATIC-PERP and BCH-PERP contracts on or after 10 am UTC on December 7. This marks an exciting move by the exchange to increase its perpetual contacts offerings.
Coinbase launched Coinbase International Exchange to allow non-US institutional investors to trade perpetual futures in May. Further, it gains regulatory approval to enable perpetual futures for eligible non-US retail customers in September.
CoinGape Media reported Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM) perpetual listing by Coinbase International Exchange last week. New offerings further give investors access to more crypto alongside Bitcoin (BTC) and Ethereum (ETH) among others that have been listed since the platform was launched to serve non-US customers.
MATIC price jumped over 3% in the past 24 hours, with the price currently trading at $0.807. The 24-hour low and high are $0.777 and $0.818, respectively. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders.
Coinbase Gearing Up for its next MoveHi guys! This is an Update on recent Technical developments found for Coinbase (COIN).
I've successfully identified the Inverse Head & Shoulders Pattern. Check out that idea down below.
We have completed the Return Rally back to test Support on the Neckline. Now ive been assessing if there are signs that we continue the Inverse Head and Shoulders with our final explosive breakout move.
This analysis is done on the 1 day timeframe.
As you can see we have tested and CONFIRMED Support on the Neckline.
After doing so we have inched higher.
Notice now, we are ABOVE the 21 EMA.
With the last 3 days of candles, forming LOWER WICKS off the 21 EMA.
This is a great sign of SUPPORT.
We must continue to stay ABOVE the 21 EMA.
Being Above the 21 EMA on any timeframe indicates that we will most likely have an UPTREND in price.
Notice also the Orange Rectangle. This highlights a consolidation zone. This shows to me that we are building up momentum for our final rally of the Inverse Head & Shoulders Pattern.
A confirmation ABOVE the Upper Border of Rectangle, will indicate Rally may be starting.
To keep us on our toes, just remember that if price action goes BELOW the Lower Border of the Rectangle, we risk testing the Neckline again. Which is always a possibility . As long as we maintain the Neckline as Support, we good.
Watch VOLUME -> We need it to start picking up for indication of the major move.
This move will essentially lead to trend reversal for COIN, confirming the bottom.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on COIN in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Coinbase International to List ADA, LINK, DOGE & XLM Future PairCoinbase International Exchange, the offshoot of Coinbase Global Inc. catering to clients outside of the United States has announced its plans to list Perpetual Future Contracts for four new assets including Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE) and Stellar (XLM).
Coinbase Listing Schedule
As unveiled by the trading behemoth, the four trading pairs for the four assets will be listed on December 30 by 10 am UTC, setting the stage for its clients to embrace these new digital currencies provided the liquidity conditions are met.
Specifically, the trading firm said the pairs ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP markets will go live on the Coinbase International Exchange and Coinbase Advanced respectively. This listing places the four new cryptocurrencies alongside Bitcoin (BTC), Ethereum (ETH), and XRP among others that have been listed since the platform was launched to serve non-US customers.
With the relatively unclear regulations that bind Coinbase users in the United States, the exchange had to explore a different avenue to serve its non-US customers the right way. This gave birth to Coinbase International and the latest addition of ADA, LINK, DOGE, and XLM forms a strategic expansion move that can reach more traders in the broader digital currency ecosystem.
The choice of these assets was an easy one considering their unique value propositions and dedicated community of followers. While Cardano has made headlines thus far this year for its new innovations and dedication to development efforts, Chainlink has continued to expand its reach as the de-facto Oracle service provider in the industry.
The duo of Dogecoin and Stellar also have their unique appeal and audiences, making them the right pick for the Coinbase International Exchange listing.
The Strategic Decision on Assets to Support
In order to adhere strictly to regulatory provisions around the world, Coinbase decides on which assets to provide support for based on their respective status in the industry.
Besides Bitcoin and Ethereum futures, the platform also supports XRP futures on its international platform, a move that came after the digital currency earned the status as the only altcoin that cannot be tagged as an investment contract in the United States.
Price Momentum
COIN is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
$COIN Inverse Head & ShoulderThe announcement of #Binance incurring a substantial $4.3 billion penalty and facing exclusion from the U.S. market likely came as incredibly favorable news to Brian Armstrong, the CEO of #Coinbase . This development seems to place Coinbase (COIN) in a notably advantageous position. Observing the stock's technical chart, there is an apparent near-completion of an inverted Head and Shoulders (H&S) pattern, a bullish signal in technical analysis, indicating a potentially strong position for NASDAQ:COIN in the market. #COIN
Coinbase (NASDAQ: COIN) Stock Price Charts Signal Rally To $150Coinbase stock price has picked up aggressive momentum this week, as its rival in crypto exchange Binance is facing some regulatory challenges. As a result, the Coin price has been rising for five consecutive days and reached a 4-month high of $114.4. However, a look at the daily time frame chart shows this recovery is part of a rising channel indicating the asset is poised for further rally.
COIN Price to $150?
A rising channel pattern leas the current recovery trend in COIN Stock. The ongoing recovery trend may witness intense supply at the $135 mark. The 20 EMA could offer a strong pullback to buyers.
The Coinbase stock price has demonstrated a remarkable recovery in November, bouncing back robustly from a psychological support level of $70. Over the past three weeks, this momentum has propelled the asset price to an impressive $115, translating to a 63% increase.
This upward trend is part of a bullish swing within a rising channel pattern, which has been shaping the stock’s recovery trajectory for over a year.
This pattern, characterized by two parallel trendlines, has consistently provided dynamic resistance and support for the Coinbase stock. Currently, the recovery momentum seems poised to continue, potentially driving the price approximately 15% higher to the upper trendline of the channel, around the $135 mark.
Has COIN got the momentum to keep pushing? Huge inverse head and shoulders is visible which has played out over the recent crypto bull market and we could be in a nice up trend channel. The question is can the market sustain us continuous momentum, or is it time for more legs down first.
Resistance at $110. Maybe $140 next then $170 OR we head back down to $87 to build some more momentum.
COINBASE above the 1W MA100 for the first time ever.Coinbase Global (COIN) broke on Thursday above the 1W MA100 (red trend-line) for the first time in its trading history, following a strong rebound on the 1D MA200 (orange trend-line). The prevailing pattern is a Channel Up, which with the help of the Fibonacci Channel extensions, gets put into a better context.
The 1D RSI shows that there is one pump left on the current rise, similar to the previous two bullish sequences of the Channel Up. Since the 116.50 Resistance 1 level has been unbroken for more than a year, our first target is 115.00, which will make an ideal technical Higher High for the Channel Up.
Beyond that, we will buy after a rejection to the 1D MA50 (blue trend-line) again. In the event that a 1D candle closes above Resistance 1, we will have a bullish break-out in our hands and again after a pull-back (this time not as deep as the 1D MA50), the trend should extend to 150.00 and the 1.5 Fibonacci Channel extension.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇