COINBASE GLOBAL INC. - 15 min. - Technical analysis published on 07/19/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 225.66 USD
My targets
220.01 USD (-0.44%)
215.02 USD (-2.70%)
My analysis
The bearish trend is currently very strong for COINBASE GLOBAL INC.. As long as the price remains below the resistance at 225.66 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 220.01 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 215.02 USD as an objective. Crossing it would then enable sellers to target 209.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COINBASE GLOBAL INC. price is 220.98 USD. The price is lower by -1.79% since the last closing and was between 213.22 USD and 221.89 USD. This implies that the price is at +3.64% from its lowest and at -0.41% from its highest.213.22
221.89
220.98
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COINBASE GLOBAL INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of COINBASE GLOBAL INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 210.77 | 220.57 | 220.98 | 232.39 | 239.79 | 246.89 |
Change (%) | -4.62% | -0.19% | - | +5.16% | +8.51% | +11.73% |
Change | -10.21 | -0.41 | - | +11.41 | +18.81 | +25.91 |
Level | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 209.37 | 215.02 | 220.01 | 225.66 | 230.65 | 236.30 | 241.29 |
Camarilla | 222.08 | 223.06 | 224.04 | 225.01 | 225.99 | 226.96 | 227.94 |
Woodie | 209.05 | 214.86 | 219.69 | 225.50 | 230.33 | 236.14 | 240.97 |
Fibonacci | 215.02 | 219.08 | 221.59 | 225.66 | 229.72 | 232.23 | 236.30 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 177.44 | 198.90 | 211.96 | 233.42 | 246.48 | 267.94 | 281.00 |
Camarilla | 215.52 | 218.68 | 221.85 | 225.01 | 228.17 | 231.34 | 234.50 |
Woodie | 173.23 | 196.80 | 207.75 | 231.32 | 242.27 | 265.84 | 276.79 |
Fibonacci | 198.90 | 212.09 | 220.24 | 233.42 | 246.61 | 254.76 | 267.94 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 171.95 | 191.36 | 222.33 | 241.74 | 272.71 | 292.12 | 323.09 |
Camarilla | 239.45 | 244.06 | 248.68 | 253.30 | 257.92 | 262.54 | 267.16 |
Woodie | 177.73 | 194.25 | 228.11 | 244.63 | 278.49 | 295.01 | 328.87 |
Fibonacci | 191.36 | 210.61 | 222.50 | 241.74 | 260.99 | 272.88 | 292.12 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 41.36 | |
MACD (12,26,9): | -2.2000 | |
Directional Movement: | -12.09 | |
AROON (14): | -57.14 | |
DEMA (21): | 219.21 | |
Parabolic SAR (0,02-0,02-0,2): | 220.47 | |
Elder Ray (13): | -0.73 | |
Super Trend (3,10): | 221.89 | |
Zig ZAG (10): | 220.50 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 50.12 | |
TEMA (21): | 218.01 | |
Williams %R (14): | -50.14 | |
Chande Momentum Oscillator (20): | -5.71 | |
Repulse (5,40,3): | 0.6600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1000 | |
Courbe Coppock: | 7.06 |
MA7: | 235.06 | |
MA20: | 236.93 | |
MA50: | 239.84 | |
MA100: | - | |
MAexp7: | 219.82 | |
MAexp20: | 221.72 | |
MAexp50: | 224.85 | |
MAexp100: | 229.47 | |
Price / MA7: | -5.99% | |
Price / MA20: | -6.73% | |
Price / MA50: | -7.86% | |
Price / MA100: | - | |
Price / MAexp7: | +0.53% | |
Price / MAexp20: | -0.33% | |
Price / MAexp50: | -1.72% | |
Price / MAexp100: | -3.70% |
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 Pricing of Offering of $1.25 Billion of 0.50% Convertible Senior Notes Due 2026
- Coinbase Announces Proposed Private Offering of $1.25 Billion of Convertible Senior Notes Due 2026
- Coinbase Releases First Quarter 2021 Shareholder Letter
- Coinbase to Participate in Barclays Emerging Payments and Fintech Forum
- Coinbase Announces New Q&A Platform for Shareholders Ahead of First Quarter 2021 Earnings Release
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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