Coinbase (COIN.US) shares fell at one point more than 5.0% after today's sharp cryptocurrency sell-off. Increased volatility has also caused some technical problems to one of the largest cryptocurrency exchanges. Coinbase said it was “aware transactions are currently delayed or cancelled at elevated rates and our apps may be experiencing errors” as clients try to either cash out their crypto holdings or buy the dip after Bitcoin plunged nearly 20% in the afternoon. Similar events also took place in the past during periods of elevated market volatility.
Coinbase (COIN.US) stock fell sharply during today's session, however buyers managed to halt declines around support at $262.00 which is marked with the 38.2 Fibonacci retracement of the last downward wave and EMA 100 (purple line). Source: xStation5
