Coinbase Global Inc. (NASDAQ:COIN) has just flashed a dreaded Death Cross, the technical indicator that sends shivers down bullish spines.

The stock’s 50-day simple moving average (SMA) has plunged below the 200-day SMA, historically a signal of bearish momentum.

But before you start shorting Coinbase’s stock into oblivion, there’s more to the story.

Chart created using Benzinga Pro

Read Also: Bitcoin, Strategy, Coinbase Feel The Heat From Stock Market Drawdown: ‘Upside Is Likely Limited,’ Analyst Says

COIN’s Technical Setup: Bearish Or Oversold?

Coinbase stock has had a brutal …

Full story available on Benzinga.com

Coinbase Global Inc. (NASDAQ:COIN) has just flashed a dreaded Death Cross, the technical indicator that sends shivers down bullish spines.

The stock’s 50-day simple moving average (SMA) has plunged below the 200-day SMA, historically a signal of bearish momentum.

But before you start shorting Coinbase’s stock into oblivion, there’s more to the story.

Chart created using Benzinga Pro

Read Also: Bitcoin, Strategy, Coinbase Feel The Heat From Stock Market Drawdown: ‘Upside Is Likely Limited,’ Analyst Says

COIN’s Technical Setup: Bearish Or Oversold?

Coinbase stock has had a brutal …

Full story available on Benzinga.com

 Coinbase Global Inc. (NASDAQ:COIN) has just flashed a dreaded Death Cross, the technical indicator that sends shivers down bullish spines.
The stock’s 50-day simple moving average (SMA) has plunged below the 200-day SMA, historically a signal of bearish momentum.
But before you start shorting Coinbase’s stock into oblivion, there’s more to the story.

Chart created using Benzinga Pro
Read Also: Bitcoin, Strategy, Coinbase Feel The Heat From Stock Market Drawdown: ‘Upside Is Likely Limited,’ Analyst Says
COIN’s Technical Setup: Bearish Or Oversold?
Coinbase stock has had a brutal …Full story available on Benzinga.com   Read More$XRP, COIN, Cryptocurrency, Death Cross, Pro Project, Stories That Matter, Technicals, Top Stories, Signals, Markets, Tech, Trading Ideas, COIN, US21254S1078, $XRP, Cryptocurrency, Technicals, Top Stories, Signals, Markets, Tech, Trading Ideas, Benzinga Markets