Why Coinbase Is Dropping
Coinbase started to fall early last summer, even before the big S&P 500 index fell. The stock is weak. After a short bounce in February, it could not close the January drop gap or reach its older lows. This makes the downward trend strong, and a new lower point may appear.
We expect the price could first rise to about $134.4, then fall further to $114.5. If the price breaks above $213.5, the short‑term down trend would be in doubt.
Product Recommendation: Vontobel Turbo Put
The Turbo Infinite BEST PUT COINBASE GV35V (ISIN DE000VJ62KW5) fits this technical picture. It has no expiration date. Its knockout barrier is around $225.88 and changes a little each day. The current leverage is about 3×.
You can buy it for €0.48. The target price for Coinbase is $139.4, and the trade is cancelled if the price reaches $213.5.
We will watch the trade and update you when it looks time to sell. The trade becomes invalid if the product is knocked out. All targets are for information only and can change with market conditions.
Key Levels (Zoom)
| Support 1 | 158.5 |
|---|---|
| Support 2 | 139.4 |
| Resistance 1 | 190.7 |
| Resistance 2 | 213.5 |
| Target | 114.5 |
| Invalidation | 213.5 |
| Short‑Term Opinion | Negative |
| Long‑Term Opinion | Bearish |
Legal disclaimer: Future performance numbers are forecasts and not reliable indicators of actual results.