Coinbase Q3 24: Strong Cash and Adjusted EBITDA; Technicals Matter

For investors paying attention, Coinbase has many promising segments. However, its financials are lumpy and not for the faint of heart – but, neither is crypto. On the fundamentals side, COIN has staggering cash levels and an adjusted EBITDA margin that is quite strong. The revenue will track crypto prices, and thus, one has to consider that earnings reports lag real-time crypto asset prices and volatility. Our strategy for this position is to use technicals. If you are interested in this stock, consider joining Knox on his webinar October 31st where he will discuss the upside setup we hope materializes, and the risk management we have in place if it does not. Also, keep an eye out for the free newsletter with an updated trade setup on Bitcoin hitting inboxes on Friday, to which Coinbase is closely correlated.

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