Coinbase: Job Cuts Ignite The Bulls

Jan. 11, 2023 2:46 PM ETCoinbase Global, Inc. (COIN) Stock42 Comments

Summary

  • Coinbase has been mired in a horrendous bear market.
  • Recent job cuts appear to have spurred the bulls to see a bottom in the stock.
  • Time will tell, but Coinbase is putting in all the signs of a sustainable bottom.
  • Looking for more investing ideas like this one? Get them exclusively at Timely Trader. Learn More »

Bitcoin standing in front on bright blurred background.

Images we create and what actually happens are always beautiful when we have imagination.

Earlier this month, I penned a piece on crypto marketplace Coinbase (NASDAQ:COIN), where I said we had signs of a tradable bottom. The stock

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This article was written by

Josh Arnold profile picture
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Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in COIN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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