The Weekly Chart of
COIN
shows that the stock has been struggling to build a bottom despite some early buying from large lots within the sideways action of the bottoming range.
Coinbase has future growth potential as an investment, but the CEO and Board need to realize that the SEC rules the securities markets and that Cryptos, as digital assets, are securities that must be registered properly.
So it is likely to stall here until the Board and CEO realize they have to behave like grownups when dealing with the SEC.
COIN
shows that the stock has been struggling to build a bottom despite some early buying from large lots within the sideways action of the bottoming range. Coinbase has future growth potential as an investment, but the CEO and Board need to realize that the SEC rules the securities markets and that Cryptos, as digital assets, are securities that must be registered properly.
So it is likely to stall here until the Board and CEO realize they have to behave like grownups when dealing with the SEC.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
