Coinbase Consolidates Post-Earnings Surge As Cathie Wood Offloads Stock: Will This Bull Flag Play Out?
Coinbase Consolidates Post-Earnings Surge As Cathie Wood Offloads Stock: Will This Bull Flag Play Out?
Coinbase Global, Inc (NASDAQ:COIN) was trading down about 2.7% on Friday but continuing to see decreasing volume on the daily chart, indicating the stock is in a period of consolidation after surging to new highs following its quarterly earning print.
Coinbase Global, Inc（纳斯达克股票代码：COIN）周五下跌了约2.7％，但日线图上的交易量继续下降，这表明该股在公布季度财报后飙升至新高后，正处于盘整期。
Following Coinbase's big post-earnings move higher, some traders and investors likely cashed out their positions, anticipating consolidation was needed. On Wednesday, Cathie Wood-led Ark Invest sold 40,683 shares of Coinbase through ARK Innovation ETF (NYSE:ARKK) and Ark Fintech Innovation ETF (NYSE:ARKF) -a transaction valued at $6.6 million.
在Coinbase财报后大幅上涨之后，一些交易者和投资者可能会兑现头寸，因为预计需要整合。周三，凯西·伍德领导的方舟投资通过方舟创新ETF（纽约证券交易所代码：ARKK）和方舟金融科技创新ETF（纽约证券交易所代码：ARKF）出售了Coinbase的40,683股股票，交易价值660万美元。
Bitcoin and Ethereum have also been consolidating recently but like Coinbase, the cryptos look to be settling into possible bull flag patterns on the daily chart, indicating a larger move to the upside could be on the horizon.
比特币和以太坊最近也一直在整合，但与Coinbase一样，加密货币在日线图上似乎正在稳定为可能的牛市模式，这表明更大的上行趋势可能即将到来。
Trending: Flight Attendant Hasn't Paid Rent For 10 Years, Enjoys 'Generous Benefit Package' And Tax-Free Salary
趋势：空姐已经10年没有支付租金了，享有 “丰厚的福利待遇” 和免税工资
Bullish traders and investors looking to play the possible upside in Coinbase stock but with a diversified approach may choose to take a position in AXS 2X Innovation ETF (NASDAQ:TARK). TARK is an actively managed double-leveraged ETF aiming to return 200% of the daily performance of Cathie Wood-led ARK Innovation ETF. Coinbase is the top holding within ARKK, with a 9.77% weighting, followed by Tesla at 7.91%.
看涨的交易者和投资者希望利用Coinbase股票的可能上行空间，但采用多元化方法，可能会选择在AXS 2X创新ETF（纳斯达克股票代码：TARK）中持仓。TARK是一个积极管理的双杠杆ETF，旨在回报凯西·伍德领导的方舟创新ETF每日表现的200％。Coinbase是ARKK中持仓量最高的股份，权重为9.77％，其次是特斯拉，为7.91％。
For traders bearish on Coinbase, AXS Short Innovation Daily ETF (NASDAQ:SARK) is an actively managed ETF aiming to inversely track the daily performance of ARKK and its basket of holdings.
对于看跌Coinbase的交易者来说，AXS空头创新每日ETF（纳斯达克股票代码：SARK）是一种积极管理的ETF，旨在反向追踪ARKK及其一揽子持股的每日表现。
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The Coinbase Chart: Coinbase reached a high of $193.64 on Feb. 16, where the stock topped out and began to consolidate. The run higher between Feb. 7 and Feb. 16, paired with the recent downward consolidation, has settled Coinbase into a possible bull flag pattern on the daily chart.
Coinbase走势图：2月16日，Coinbase达到193.64美元的高位，该股触顶并开始盘整。2月7日至2月16日之间的走高，加上最近的向下盘整，使Coinbase在日线图上可能陷入牛市模式。
- The measured move, if Coinbase breaks up from the downward sloping flag on higher-than-average volume, is about 70%, which suggests the stock could be headed toward $273 at some point in the future.
- If Coinbase drops under the eight-day exponential moving average as it continues falling within the flag, the bull flag will be negated and a downtrend will be confirmed. If that happens, Thursday's high-of-day will serve as a lower high to confirm the new trend.
- Coinbase has resistance above at $177.45 and at $191.48 and support below at $162.20 and at $140.53.
- 如果Coinbase在交易量高于平均水平的情况下从向下倾斜的旗帜中脱颖而出，则测得的走势约为70％，这表明该股可能在未来的某个时候升至273美元。
- 如果Coinbase继续跌破八天指数移动平均线，继续跌破八天指数移动平均线，则牛市信号将被否定，下跌趋势将得到确认。如果发生这种情况，周四的高点将作为较低的高点，以确认新的趋势。
- Coinbase的阻力位高于177.45美元和191.48美元，支撑位低于162.20美元和140.53美元。
Photo by Sean Pollock on Unsplash
肖恩·波洛克在 Unsplash 上拍摄