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（納斯達克股票代碼：COIN）週五下跌了約2.7％，但日線圖上的交易量繼續下降，這表明該股在公佈季度業績後飆升至新高後，正處於盤整期。
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業績後大幅上漲之後，一些交易者和投資者可能會兌現頭寸，因爲預計需要整合。週三，凱西·伍德領導的方舟投資通過方舟創新ETF（紐約證券交易所代碼：ARKK）和方舟金融科技創新ETF（紐約證券交易所代碼：ARKF）出售了Coinbase的40,683股股票，交易價值660萬美元。
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.
比特幣和以太坊最近也一直在整合，但與Coinbase一樣，加密貨幣在日線圖上似乎正在穩定爲可能的牛市模式，這表明更大的上行趨勢可能即將到來。
Trending: Flight Attendant Hasn't Paid Rent For 10 Years, Enjoys 'Generous Benefit Package' And Tax-Free Salary
趨勢：空姐已經10年沒有支付租金了，享有 “豐厚的福利待遇” 和免稅工資
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%.
看漲的交易者和投資者希望利用Coinbase股票的可能上行空間，但採用多元化方法，可能會選擇在AXS 2X創新ETF（納斯達克股票代碼：TARK）中持倉。TARK是一個積極管理的雙槓杆ETF，旨在回報凱西·伍德領導的方舟創新ETF每日表現的200％。Coinbase是ARKK中持倉量最高的股份，權重爲9.77％，其次是特斯拉，爲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.
對於看跌Coinbase的交易者來說，AXS空頭創新每日ETF（納斯達克股票代碼：SARK）是一種積極管理的ETF，旨在反向追蹤ARKK及其一攬子持股的每日表現。
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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走勢圖：2月16日，Coinbase達到193.64美元的高位，該股觸頂並開始盤整。2月7日至2月16日之間的走高，加上最近的向下盤整，使Coinbase在日線圖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在交易量高於平均水平的情況下從向下傾斜的旗幟中脫穎而出，則測得的走勢約爲70％，這表明該股可能在未來的某個時候升至273美元。
- 如果Coinbase繼續跌破八天指數移動平均線，繼續跌破八天指數移動平均線，則牛市信號將被否定，下跌趨勢將得到確認。如果發生這種情況，週四的高點將作爲較低的高點，以確認新的趨勢。
- Coinbase的阻力位高於177.45美元和191.48美元，支撐位低於162.20美元和140.53美元。
Photo by Sean Pollock on Unsplash
肖恩·波洛克在 Unsplash 上拍攝