Coinbase: What can be expected from Q4 results

Long -term revenue diversification of focus

In the Q3 2024 profit call, Coinbase expressed its warning regarding the expectations of subscription to the Q4 and services expectations, indicating the opposite winds of a 10 % decrease in ETHEREUM prices in October (compared to the average third quarter) and low interest rates. Since Coinbase earns fees of ETH Stokeing bonuses, the highest ETH price usually translates into larger bonuses and increases revenues.

Although Ethereum has increased nearly 70 % of the post -US elections in early November, the plural has since lost its momentum, restoring prices to the September Group to October 2024.

To reduce its dependence on volatile trading fees, Coinbase will need to show stronger growth in this sector. For the fourth quarter 2024, the subscription and services revenues in Coinbase are expected to grow by 46.7 % on an annual basis, a decrease from 66.3 % in the third quarter of 2024. The projections are still flat than the fourth quarter, indicating that investors may need to need More purification operations on long -term growth prospects.

Technical analysis

Coinbase’s Arrow price The range looks stuck in the short term, with a flat daily Transfer average convergence/difference (MACD) It indicates the association of investors, while daily Relative power index (RSI) It hovers around the midfield. The bullish condemnation may arise from a lounge higher than the level of $ 305, as both the scattered trend line can be overcome from the highest levels and the main horizontal resistance level.

On the contrary, the level of $ 263.80 will be the convergence of decisive support, as it is in line with a broader upward trend line that must maintain the broader bullish structure.

Coinbase daily scheme