Codebase Ventures Inc conducts financial services business. The company focuses on investments in the technology sector surrounding blockchain and crypto-technologies. Its portfolio includes Arcology, Pressland, and ICO Ranker.- Stockhouse
DAILY
WEEKLY
Symbol: CODE.c
Market Outlook: With Bitcoin and other cryptocurrency in a strong bullish phase Coinbase is a name we love for much higher prices from today. With a current market cap of $7.8 million and a share structure of 50 million outstanding shares this name has large upside. We saw CODE make a 200% move in 1 day and has since started to consolidate. With another bull flag forming we see this name a great buy a current levels.
Support: $0.135
- 21sma – $0.15 (Daily)
- Key Support – $0.13 (Daily)
Resistance: $0.20 | $0.23 | $0.35
- Upper BB – $0.20
- Key Resistance – $0.17 (Daily)
Technicals: Coinbase is in its early stages of its bullish move as seen on the weekly chart, CODE recently put in its largest weekly volume ever recorded and is now consolidating within a bullish pennant. All the major moving averages are now trading under the share price creating strong support within this price range. Long term CODE is looking like a great buy at this level.
Sentiment: BULLISH
