$COIN — Most Bullish Stock Now for NASDAQ:COIN by RobertMercer

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$COIN — Most Bullish Stock Now

Coinbase Global, Inc. BATS:COIN

RobertMercer

The title of the concept shouldn’t be mendacity,

COIN

provides one of the crucial bullish charts I’ve seen on the inventory market shortly – there’s a HUGE Cup & Handle sample.

On the 1W charts we will see a multi-year rounding backside that started in late 2021, adopted by a clear deal with consolidation and a breakout above the $345 neckline. The breakout of the $345 neckline implies long-term targets between $650 and $1,000 if momentum persists.

Fundamentals of the corporate recommend a pointy development as effectively:

• 

  COIN

  joined the S&P500 Index which attracted cash from hundreds of buyers

• Launch of Coinbase Payments, tapping stablecoin development (USDC income up ~31% QoQ to ~$296M), completely match for the narrative about stables in USA
• Coinbase’s most up-to-date earnings present sturdy development: in Q1 2025, the corporate generated about $2.0 billion in whole income, reflecting a considerable 24% year-over-year improve

To sum up, I can discover zero the explanation why you should not have this inventory in your mid-long-term portfolio.

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