$Coinbase Global, Inc.(COIN)$ $CME Bitcoin - main 2501(BTCmain)$
βοΈπ― $COIN: Brewing a Bullish Cup?π―βοΈ
Kia ora Tiger traders!
Trading Pre-market $262.08 π³πΏ NZ time π₯Check out the perfect Cup and Handle formation on $COIN! β This setup could serve some exciting gains as we watch for a breakout over the blue line for confirmation.
π Key Levels to Watch:
$264.50 Fib holding firm. Keep an eye on this as potential support.
Targets: $277 and $291 are next in line.
Measured move:
Breakout could lead to $368 to $400.
π‘ Strategy:
$COIN is looking worth a share position in the $252 to $265 range. Patience is key here as we wait to see if it sets up for a clean breakout.
π² $COIN someone loaded $1.8m into calls on Friday for 21Mar25 $360 Strike π³
Coinbase has basically been following the same pattern for the last two years. Months of downward trending consolidation followed by a massive move higher. Will 2025 be any different?
$BTC Bitcoin crossed over the $100,000 psychological milestone on Dec. 5. Driven by the hundreds of pro-crypto candidates who won seats in Congress and hopes for the most pro-crypto US government in histor. Bitcoin continued to climb afterwards peaking at $108,000 on Dec. 17, but has since fallen towards the end of the year.
As of Dec. 27, CryptoQuant data shows 87% of Bitcoin holders are still in profit at a price of around $96,000.
π°ποΈπ¨π¦πΊ Australia's Bitcoin ATM network has grown to 1,359 machines over the past 29 months, now representing 3.5% of global Bitcoin ATMs and placing Australia third globally behind πͺπΊ Europe (1,660 machines).
π’ Please Like, Repost, and Follow me for sharp setups, stock trends, and actionable insights π Iβm all about spotting the next movers and sharing strategies that deliver results. Letβs trade smarter and grow together!
Happy trading ahead! Cheers, BC πππππ
@Tiger_comments @TigerPicks @TigerStars @TigerPM @Daily_Discussion @TigerGPT
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Coinbase Global, Inc. (COIN) - Stock Analysis
Business Overview: Coinbase Global, Inc. operates a leading cryptocurrency exchange platform. It provides a platform for users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, and other digital assets.
Earnings and Forecast: The company's forecasted earnings for the full year 2024 are $5.37 USD per share, with a forecasted gross income of $5.50 billion USD and a forecasted EBIT of $1.59 billion USD. For the full year 2025, the forecasted earnings are $3.80 USD per share, with a forecasted gross income of $6.04 billion USD and a forecasted EBIT of $1.54 billion USD. Analysts have provided a range of recommendations, with 6 recommending, 8 buying, 15 holding, and 1 underperforming the stock.
Target Price Estimate: The mean target price estimated by 26 analysts is $299.31 USD, with a low estimate of $165.00 USD and a high estimate of $420.00 USD.
Capital Flow Data: Over the past 5 days, the stock has experienced the following capital flows:
12-19: Inflow of 38,278.69 units (in thousands)
12-20: Inflow of 24,663.04 units (in thousands)
12-23: Outflow of 5,523.45 units (in thousands)
12-24: Inflow of 23,652.58 units (in thousands)
12-26: Inflow of 10,431.03 units (in thousands)
Support and Resistance Price Levels: As of December 27, the support price was $180.00 USD, and the resistance price was $327.00 USD.
Average Cost: The average cost of COIN stock as of December 27 was $267.57 USD.
Profiteer Ratio: The profiteer ratio for COIN stock as of December 27 was 0.8973, indicating a positive profit margin.
Recent Earnings Results: In the third quarter of 2024, COIN reported an EPS of $0.30, a return on equity (ROE) of 3.53%, and a gross profit margin of 84.78%. Other financial ratios, such as quick ratio, current ratio, total asset turnover, inventory turnover, return on investment, and net profit margin, were also provided.
Recent Stock Price: As of December 30, the stock price for COIN was $265.71 USD.
Recent Capital Flow Data (1 Day): There was a total inflow of $355 million USD and a total outflow of $430 million USD. The breakdown includes a big inflow of $15.57 million USD, a median inflow of $17.79 million USD, a small inflow of $321.60 million USD, a big outflow of $50.63 million USD, a median outflow of $21.02 million USD, and a small outflow of $358.20 million USD.
Please note that the above analysis is based on available data and should be considered as informational only. It is not investment advice. The stock market carries inherent risks and prices can fluctuate. Investors should conduct their own research and exercise independent judgment before making investment decisions.
Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. The accuracy, completeness, or reliability of the information is not guaranteed and is subject to change without notice. Trading and investing in stocks involves risk, and individuals should carefully consider their financial situation and consult with a professional before making any investment decisions.
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