COIN Stock Long - Breakout Coming

It's early, but we'll likely see Coinbase, Inc., stock align with the fate of the crypto markets. As BTC, ETH and other Alt Coins gain momentum, COIN will see favorable price action. COIN broke out from the bottom channel and is testing $258 for support. If support holds, we should see price advance to resistance at $303. Continued expansion from the $303 would return to all-time high of $380-390 by late Sept. If the Cup & Handle plays out, we could see price achieve $567 in 1Q22.
Chart PatternsSupport and ResistanceTrend Lines

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