[COIN] 2-Year Channel Support Meets Deep Value (P/E ~20)Coinbase Global, Inc. - 3BATS:COINTylertothemoonThe Setup: Monthly Ascending Channel Since Jan 2024, COIN has traded within a clean ascending channel. We are currently testing the $217–$200 support zone. Key History: In April 2025, price staged a "fakeout" below the channel before rebounding. I expect similar volatility at the $200 level. Invalidation: A monthly close below $200 breaks the 2-year structure. The Fundamentals: Deep Undervaluation While the technicals test support, the valuation presents a rare divergence: Value: COIN P/E is currently ~20x, significantly lower than the S&P 500 average of ~31.3x. Growth: Coinbase's "Everything Exchange" strategy is scaling. The Base L2 blockchain and institutional tokenization services provide a diversified revenue floor that didn't exist in previous cycles. The Strategy (Not Financial Advice) Entry: Accumulate in the $217–$200 range. Target: $500 (+140%) near the channel's upper resistance. Stop Loss: Decisive close below $195.