COINBASE GLOBAL INC. - Daily - Technical analysis published on 01/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 255.27 USD
My targets
220.84 USD (-5.19%)
My analysis
The bearish trend is currently very strong for COINBASE GLOBAL INC.. As long as the price remains below the resistance at 255.27 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 220.84 USD. The bearish momentum would be revived by a break in this support. 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
6.3
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Additional analysis
Quotes
The COINBASE GLOBAL INC. rating is 232.93 USD. The price is lower by -0.75% since the last closing and was traded between 230.75 USD and 242.87 USD over the period. The price is currently at +0.94% from its lowest and -4.09% from its highest.230.75
242.87
232.93
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of COINBASE GLOBAL INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 220.84 | 232.93 | 235.97 | 255.27 | 280.37 |
| Change (%) | -5.19% | - | +1.31% | +9.59% | +20.37% |
| Change | -12.09 | - | +3.04 | +22.34 | +47.44 |
| Level | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.81 | 226.61 | 230.66 | 238.46 | 242.51 | 250.31 | 254.36 |
| Camarilla | 231.44 | 232.53 | 233.61 | 234.70 | 235.79 | 236.87 | 237.96 |
| Woodie | 216.93 | 225.67 | 228.78 | 237.52 | 240.63 | 249.37 | 252.48 |
| Fibonacci | 226.61 | 231.14 | 233.94 | 238.46 | 242.99 | 245.79 | 250.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.61 | 204.74 | 218.54 | 238.67 | 252.47 | 272.60 | 286.40 |
| Camarilla | 223.00 | 226.11 | 229.22 | 232.33 | 235.44 | 238.55 | 241.66 |
| Woodie | 181.44 | 203.16 | 215.37 | 237.09 | 249.30 | 271.02 | 283.23 |
| Fibonacci | 204.74 | 217.71 | 225.71 | 238.67 | 251.64 | 259.64 | 272.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.86 | 177.82 | 215.09 | 269.05 | 306.32 | 360.28 | 397.55 |
| Camarilla | 227.28 | 235.65 | 244.01 | 252.37 | 260.73 | 269.10 | 277.46 |
| Woodie | 115.53 | 173.65 | 206.76 | 264.88 | 297.99 | 356.11 | 389.22 |
| Fibonacci | 177.82 | 212.67 | 234.20 | 269.05 | 303.90 | 325.43 | 360.28 |
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): | 38.05 | |
| MACD (12,26,9): | -12.7500 | |
| Directional Movement: | -7.39 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 230.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 266.11 | |
| Elder Ray (13): | -4.24 | |
| Super Trend (3,10): | 262.08 | |
| Zig ZAG (10): | 231.32 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 29.52 | |
| TEMA (21): | 227.66 | |
| Williams %R (14): | -75.40 | |
| Chande Momentum Oscillator (20): | -30.01 | |
| Repulse (5,40,3): | -6.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7100 | |
| Courbe Coppock: | 15.80 |
| MA7: | 232.63 | |
| MA20: | 246.62 | |
| MA50: | 284.35 | |
| MA100: | 274.49 | |
| MAexp7: | 235.45 | |
| MAexp20: | 247.66 | |
| MAexp50: | 265.63 | |
| MAexp100: | 270.15 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -5.55% | |
| Price / MA50: | -18.08% | |
| Price / MA100: | -15.14% | |
| Price / MAexp7: | -1.07% | |
| Price / MAexp20: | -5.95% | |
| Price / MAexp50: | -12.31% | |
| Price / MAexp100: | -13.78% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on COINBASE GLOBAL INC. at the time of the generation of this analysis was as follows:
- Coinbase to Participate in the Goldman Sachs U.S. Financial Services Conference
- Coinbase to Participate in the J.P. Morgan Crypto Economy Forum
- Coinbase Releases Third Quarter 2021 Shareholder Letter
- Coinbase to Participate in the 2021 Citi FinTech Conference
- Coinbase Announces Date of Third Quarter 2021 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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