Even Picasso couldn´t have painted it better - COIN to 180$
- update on my last COIN analysis
- since then coinbase stock has indeed consolidated and put in the right shoulder of what appears to be a macro bottoming inverse head and shoulders formation
- target of the formation is anywhere between 170 - 180
- with COIN projected to increase by almost 60% it is likely such a move comes alongside a big fundamental catalyst
In other words: this coin breakout suggests Bitcoin spot ETF approval is around the corner
- since then coinbase stock has indeed consolidated and put in the right shoulder of what appears to be a macro bottoming inverse head and shoulders formation
- target of the formation is anywhere between 170 - 180
- with COIN projected to increase by almost 60% it is likely such a move comes alongside a big fundamental catalyst
In other words: this coin breakout suggests Bitcoin spot ETF approval is around the corner
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