May 5, 2024

X10 by revenue and other reasons to buy Coinbase global

# morning analytics # scripts

Good morning everyone!

Until the foreign policy background comes into balance ormakes attempts to do this, I think that it is not necessary to look at the Russian market too much, since some interesting situations should appear.

 

USA.But the American market showed a picture yesterday,which looked at the beginning of the session as very dangerous, but the subsequent buyout did not remove this danger, but leveled it to a large extent, showing that the potential of the false breakout I indicated had apparently been exhausted. I don’t trade US indices, but they give the picture that the alarm for the “three hundredth” time was just an exercise. This means that it is very timely to take a closer look at particularly interesting situations.

 

I was very interested in the technical situation with the Coinbase Global stock yesterday. I have already written about her many times. The action is very "correct" in my opinion. Let me explain briefly what I mean:

 

Revenue and profit. During the short period that the security was traded on the stock exchange, the growth in these two indicators amounted to X10.

 

High net profitprovides profitability of 50%.

 

P / E is 16... This is very small for a company with similar revenue dynamics.

 

Level.Level 224 is being worked on.$5 and we have a higher closing on increased volumes. This level is especially interesting to me because the last maximum was made from it. In addition, the paper is at its lowest, highlighting the excellent picture in the reporting.

 X10 by revenue and other reasons to buy Coinbase global

Bitcoin.The promotion is unfairly linked to the price ofBitcoin, I don’t strongly agree with this matter, that’s why I have this paper in my portfolio. But even if we rely on this, what do we see in Bitcoin? Bitcoin experienced a false breakout of the all-important 40K level. Yes, we already discussed the 40K level and were waiting for it to be tested. At that moment, in my opinion, there should have been a breakdown, but the cue ball was returned above the level. Thus, we receive additional justification for Coinbase securities.

 X10 by revenue and other reasons to buy Coinbase global

I have no right to advise and recommendpurchases of certain financial instruments, and this post is not an individual investment recommendation. But my view on this paper is positive. Have a nice day, everyone.

</em>Alexander Perfilov, author of the telegram channel "Glance at the Market"
My channel is to share the right things on the market... on time.

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