COINBASE GLOBAL INC. - 1H - Technical analysis published on 08/01/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 60.75 USD
My targets
63.89 USD (+1.51%)
71.08 USD (+12.94%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on COINBASE GLOBAL INC. as long as the price remains well above 60.75 USD. The buyers' bullish objective is set at 63.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71.08 USD. If there is any crossing, the next objective would be the resistance located at 72.03 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COINBASE GLOBAL INC. rating 62.94 USD. On the day, this instrument lost -0.03% and was traded between 59.42 USD and 63.62 USD over the period. The price is currently at +5.92% from its lowest and -1.07% from its highest.59.42
63.62
62.94
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COINBASE GLOBAL INC.:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of COINBASE GLOBAL INC. in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.32 | 56.33 | 60.75 | 62.94 | 63.89 | 72.03 | 75.27 |
| Change (%) | -20.05% | -10.50% | -3.48% | - | +1.51% | +14.44% | +19.59% |
| Change | -12.62 | -6.61 | -2.19 | - | +0.95 | +9.09 | +12.33 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.95 | 57.86 | 60.41 | 62.32 | 64.87 | 66.78 | 69.33 |
| Camarilla | 61.73 | 62.14 | 62.55 | 62.96 | 63.37 | 63.78 | 64.19 |
| Woodie | 56.27 | 58.02 | 60.73 | 62.48 | 65.19 | 66.94 | 69.65 |
| Fibonacci | 57.86 | 59.56 | 60.62 | 62.32 | 64.02 | 65.08 | 66.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.38 | 44.51 | 53.73 | 61.86 | 71.08 | 79.21 | 88.43 |
| Camarilla | 58.19 | 59.78 | 61.37 | 62.96 | 64.55 | 66.14 | 67.73 |
| Woodie | 36.94 | 44.78 | 54.29 | 62.13 | 71.64 | 79.48 | 88.99 |
| Fibonacci | 44.51 | 51.13 | 55.23 | 61.86 | 68.48 | 72.58 | 79.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.22 | 29.59 | 46.27 | 62.64 | 79.32 | 95.69 | 112.37 |
| Camarilla | 53.87 | 56.90 | 59.93 | 62.96 | 65.99 | 69.02 | 72.05 |
| Woodie | 13.39 | 29.67 | 46.44 | 62.72 | 79.49 | 95.77 | 112.54 |
| Fibonacci | 29.59 | 42.21 | 50.01 | 62.64 | 75.26 | 83.06 | 95.69 |
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): | 53.83 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | -5.74 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 62.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.95 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 57.38 | |
| Zig ZAG (10): | 62.61 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 77.88 | |
| TEMA (21): | 63.36 | |
| Williams %R (14): | -24.64 | |
| Chande Momentum Oscillator (20): | 0.81 | |
| Repulse (5,40,3): | 2.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 10.14 |
| MA7: | 62.55 | |
| MA20: | 60.22 | |
| MA50: | 60.84 | |
| MA100: | 102.27 | |
| MAexp7: | 62.68 | |
| MAexp20: | 61.81 | |
| MAexp50: | 62.08 | |
| MAexp100: | 61.33 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +4.52% | |
| Price / MA50: | +3.45% | |
| Price / MA100: | -38.46% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.83% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | +2.63% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on COINBASE GLOBAL INC. at the time of the generation of this analysis was as follows:
- Coinbase Announces Date of Second Quarter 2022 Financial Results
- Coinbase Releases First Quarter 2022 Shareholder Letter
- Coinbase Announces Date of First Quarter 2022 Financial Results
- Coinbase to Participate in the Morgan Stanley Technology, Media and Telecom Conference
- Coinbase to Participate in the Wolfe FinTech Forum Conference
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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