As is well known, after the rain comes the sun. Hopefully this will also be the case for Coinbase soon.
Positive: - The MACD will soon give a signal for a long entry - The falling bearish momentemtum - The most important signal for me: the Co CEO acquires shares for $75 million. He is averaging about $67 from May 17, 2022. I don't think he has that much money to give away. Accordingly, I interpret this as a big vote of confidence.
Coinbase will easily make it through this year on profits alone. Also, they are currently terminating about 20% of employees and reducing monthly fixed costs. The media is not playing into Coinbase's hands, with the sale of user data only because of illegal activity. This is not a problem for me personally, because I am not involved in any illegality. Only criminals cry privacy in this.
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