COINBASE GLOBAL INC. - 1H - Technical analysis published on 05/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 289.15 USD
My targets
305.15 USD (+3.99%)
317.27 USD (+8.12%)
My analysis
The strong short-term increase in COINBASE GLOBAL INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 289.15 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 305.15 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 317.27 USD as an objective. Crossing it would then enable buyers to target 327.24 USD. Caution, a return under 289.15 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.8
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COINBASE GLOBAL INC. rating is 293.45 USD. The price registered an increase of +11.28% on the session and was traded between 259.37 USD and 297.50 USD over the period. The price is currently at +13.14% from its lowest and -1.36% from its highest.259.37
297.50
293.45
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of COINBASE GLOBAL INC. indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 259.10 | 267.07 | 289.15 | 293.45 | 305.15 | 317.27 | 327.24 |
| Change (%) | -11.71% | -8.99% | -1.47% | - | +3.99% | +8.12% | +11.51% |
| Change | -34.35 | -26.38 | -4.30 | - | +11.70 | +23.82 | +33.79 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.25 | 245.31 | 269.38 | 283.44 | 307.51 | 321.57 | 345.64 |
| Camarilla | 282.96 | 286.46 | 289.96 | 293.45 | 296.95 | 300.44 | 303.94 |
| Woodie | 236.26 | 247.81 | 274.39 | 285.94 | 312.52 | 324.07 | 350.65 |
| Fibonacci | 245.31 | 259.88 | 268.87 | 283.44 | 298.01 | 307.00 | 321.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.25 | 245.31 | 269.38 | 283.44 | 307.51 | 321.57 | 345.64 |
| Camarilla | 282.96 | 286.46 | 289.96 | 293.45 | 296.95 | 300.44 | 303.94 |
| Woodie | 236.26 | 247.81 | 274.39 | 285.94 | 312.52 | 324.07 | 350.65 |
| Fibonacci | 245.31 | 259.88 | 268.87 | 283.44 | 298.01 | 307.00 | 321.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.82 | 188.95 | 243.29 | 336.42 | 390.76 | 483.89 | 538.23 |
| Camarilla | 257.09 | 270.60 | 284.12 | 297.64 | 311.16 | 324.68 | 338.19 |
| Woodie | 76.44 | 179.25 | 223.91 | 326.72 | 371.38 | 474.19 | 518.85 |
| Fibonacci | 188.95 | 245.28 | 280.08 | 336.42 | 392.75 | 427.55 | 483.89 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.50 | |
| MACD (12,26,9): | 3.2200 | |
| Directional Movement: | 19.41 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 277.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 267.66 | |
| Elder Ray (13): | 14.90 | |
| Super Trend (3,10): | 270.03 | |
| Zig ZAG (10): | 293.45 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 91.34 | |
| TEMA (21): | 285.45 | |
| Williams %R (14): | -10.35 | |
| Chande Momentum Oscillator (20): | 29.49 | |
| Repulse (5,40,3): | 3.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 18.54 |
| MA7: | 279.92 | |
| MA20: | - | |
| MA50: | - | |
| MA100: | - | |
| MAexp7: | 284.52 | |
| MAexp20: | 275.99 | |
| MAexp50: | 280.33 | |
| MAexp100: | 294.01 | |
| Price / MA7: | +4.83% | |
| Price / MA20: | - | |
| Price / MA50: | - | |
| Price / MA100: | - | |
| Price / MAexp7: | +3.14% | |
| Price / MAexp20: | +6.33% | |
| Price / MAexp50: | +4.68% | |
| Price / MAexp100: | -0.19% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on COINBASE GLOBAL INC.. At the time of publication of this analysis, the latest news was as follows:
- Coinbase Announces New Q&A Platform for Shareholders Ahead of First Quarter 2021 Earnings Release
- Coinbase to Announce First Quarter 2021 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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