{"id":1614,"date":"2024-10-24T16:31:48","date_gmt":"2024-10-24T16:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1614"},"modified":"2024-10-24T16:31:48","modified_gmt":"2024-10-24T16:31:48","slug":"stock-of-the-day-coinbase-illustrates-important-price-levels","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1614","title":{"rendered":"Stock Of The Day: Coinbase Illustrates Important Price Levels"},"content":{"rendered":"<div>\n<p>The best traders know how to identify important price levels. These are called support and resistance levels. A common market dynamic is levels of support converting into resistance and levels of resistance turning into support.<\/p>\n<p>As you can see on the chart, <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">th<\/span>e $203 level has been both support and resistance for\u00a0<strong>Coinbase Global Inc.\u00a0<\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>) since May. This is why our team of trading experts has made it our <strong>Stock of the Day.<\/strong><\/p>\n<p>If a market is going down there aren&#8217;t enough buy orders to absorb all the sell orders. As a result, sellers are forced to push the price lower to draw buyers into the market.<\/p>\n<p>When a stock reaches a support level, the tide turns. There is more than enough demand to absorb all of the supply. Traders &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41523797\/stock-of-the-day-coinbase-illustrates-important-price-levels\" alt=\"Stock\" of the day: coinbase illustrates important price levels>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The best traders know how to identify important price levels. These are called support and resistance levels. A common market dynamic is levels of support converting into resistance and levels of resistance turning into support. As you can see on the chart, the $203 level has been both support and resistance for\u00a0Coinbase Global Inc.\u00a0(NASDAQ:COIN) since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1614","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1614"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1614\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}