Verified Investing on $COIN (Oct 30, 2026)
Coinbase missed revenue and is falling amid Binance-related crypto weakness; it is at historical support but has spent nearly the year in a bear flag there, making the speaker cautious. He says aggressive traders can buy now; he finds that too aggressive and would wait for price to come down to 137 before he is interested.
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Uh next up into Coinbase. Now, Coinbase also, guys, now they did miss uh major topline uh revenue numbers. Actually, they they hit good. Look at that. But they missed some revenue as I've said.
Missed on revenue. The stock is coming down. Plus, of course, we've got the crypto uh incursion that's going on with Binance. So, a lot of uh exiting in the crypto space as we speak.
Now, this brings price to a really interesting historical level of support, but problem is look, Coinbase has been down in this range and they've been down here nearly this entire year, pounding on this level.
You can see we've in essence created a bare flag the entire year. So, to be very cautious too on this support. However, it is still remaining as support. this level. This will be the more conservative 13734.
And look how many times price has held on that trend line once, twice, three times, four times, five times. This could be the upcoming sixth hit of that level. Now, the most aggressive traders can start buying Coinbase right now.
You see, we've got a longer term inclining trend line connected over to the most recent low on the chart in July. And right now, price action is getting into into that level. That's a little too aggressive for me.
I'd rather wait for price action to settle itself out. If I miss that trade, no big deal. There's a lot of uh clouds surrounding the crypto space right now. A lot of other good trades to take.
So, I'll sit back and wait for price action to come down here to 137 before it pies my interest.
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Verified Investing has 7 calls on this stock; only the adjacent ones are shown.