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Rocketman
Apr 17, 2024 7:29 PM

Coinbase: A Technical Perspective Long

Coinbase Global, Inc.NASDAQ

Description

Fundamentals:
From a speculative outlook, the fundamentals on Coinbase do not fully meet my criteria, but this IPO's balance sheet is projected to continue its acceleration in sales. Currently, this quarter's sales were at 52%; earnings over 142%.

Technicals:
Daily hammer at horizontal support with really high volume relative to other periods and days at or candles prior to this and around it.
uHd in the histogram

Based on what I perceive to be a bottom in the Coinbase valley, I look to add Coinbase's dividend paying ETF, CONY, to the portfolio.

Comment

CONY is an ETF based on COI?N, paying a monthly dividend. I have invested in CONY based on the price pattern of COIN. Here is a daily chart of CONY:
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