"Cathie Wood’s Ark Investment Management, the second-largest holder of Coinbase Global (COIN) stock, doubled down on its investment in the crypto exchange after the U.S. Securities and Exchange Exchange sued the only publicly traded crypto exchange sending share prices tumbling.
ARK bought 419,324 shares of Coinbase, worth around $21.6 million based on Tuesday's closing price of $51.61." -Coindesk
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Considering that this company's stock price is near it's lows, I can see why Ark Investment Management would make that move.
I believe the shift begins once there's a break of the $67 level. Afterwards, it's next potential hurdle could be the $190 - $230 price range. However, I'll be even more bullish after a break of the $320.
ARK bought 419,324 shares of Coinbase, worth around $21.6 million based on Tuesday's closing price of $51.61." -Coindesk
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Considering that this company's stock price is near it's lows, I can see why Ark Investment Management would make that move.
I believe the shift begins once there's a break of the $67 level. Afterwards, it's next potential hurdle could be the $190 - $230 price range. However, I'll be even more bullish after a break of the $320.
Comment:
$35.40 is my A.O.I.
Comment:
Fundamentals:
"SEC Says It May Make a Recommendation on Coinbase Petition Within 4 Months." -Coindesk
"SEC Says It May Make a Recommendation on Coinbase Petition Within 4 Months." -Coindesk
Comment:
P.A. tested the monthly range and showed positive movement from it. I'll still look for the range to be revisited before price actually takes off to the upside.
Comment:
P.A. broke two key levels at the end of last month on the weekly & monthly. Bullish sentiment.
Fundamentals:
"Too much uncertainty to prudently project revenues in future years." - Piper Sandler
Laughable..
Fundamentals:
"Too much uncertainty to prudently project revenues in future years." - Piper Sandler
Laughable..
Comment:
P.A. is heading toward the weekly high ($93).
Comment:
I'm anticipating a reversal once the weekly high is hit. I would like to see it break below the $50 level to my A.O.I.
Comment:
Two key levels were broken to the upside. Bullish sentiment.
Comment:
I'm anticipating price to retrace to the $60 - $80 range before bullish contiuation. If not that, I'll look for support to be established only for the $105 to be broken for higher prices.
Comment:
Retracement phase after breaking through a HTF key high.
Comment:
A close above $116 will flip the monthly bullish. Clean candles to the left 👀
Comment:
P.A. broke to the upside on the Monthly and Weekly. Currently hovering below monthly supply, and broken structure above that supply. It can very well spike the range to test the broken structure before the retracement phase begin. If so, I would look for the new weekly key low to hold in order to propel price higher.
We all shall see...
We all shall see...