COINBASE GLOBAL INC. - 15 min. - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
50%
17%
My opinion
Bullish above 57.90 USD
My targets
60.12 USD (+3.52%)
64.09 USD (+10.34%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 57.90 USD remains possible. It is advisable to trade COINBASE GLOBAL INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 57.90 USD. The next bullish objective for buyers is set at 60.12 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 64.09 USD. If there is any crossing, the next objective would be the resistance located at 66.31 USD. PS: if there is a bearish break in the support located at 57.90 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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Additional analysis
Quotes
The COINBASE GLOBAL INC. rating is 58.08 USD. On the day, this instrument gained +3.42% with the lowest point at 55.91 USD and the highest point at 58.26 USD. The deviation from the price is +3.88% for the low point and -0.31% for the high point.55.91
58.26
58.08
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 15 min. of this COINBASE GLOBAL INC. chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near support of channel
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.00 | 47.34 | 57.33 | 58.08 | 62.46 | 98.02 | 112.71 |
| Change (%) | -38.02% | -18.49% | -1.29% | - | +7.54% | +68.77% | +94.06% |
| Change | -22.08 | -10.74 | -0.75 | - | +4.38 | +39.94 | +54.63 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.74 | 51.71 | 53.93 | 57.90 | 60.12 | 64.09 | 66.31 |
| Camarilla | 54.46 | 55.03 | 55.59 | 56.16 | 56.73 | 57.30 | 57.86 |
| Woodie | 46.88 | 51.27 | 53.07 | 57.46 | 59.26 | 63.65 | 65.45 |
| Fibonacci | 51.71 | 54.07 | 55.53 | 57.90 | 60.26 | 61.72 | 64.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.53 | 45.06 | 53.22 | 57.75 | 65.91 | 70.44 | 78.60 |
| Camarilla | 57.88 | 59.04 | 60.21 | 61.37 | 62.53 | 63.70 | 64.86 |
| Woodie | 42.34 | 45.97 | 55.03 | 58.66 | 67.72 | 71.35 | 80.41 |
| Fibonacci | 45.06 | 49.91 | 52.91 | 57.75 | 62.60 | 65.60 | 70.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.18 | 21.00 | 28.20 | 39.02 | 46.22 | 57.04 | 64.24 |
| Camarilla | 30.44 | 32.09 | 33.74 | 35.39 | 37.04 | 38.69 | 40.35 |
| Woodie | 8.36 | 20.10 | 26.38 | 38.12 | 44.40 | 56.14 | 62.42 |
| Fibonacci | 21.00 | 27.89 | 32.14 | 39.02 | 45.91 | 50.16 | 57.04 |
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): | 40.14 | |
| MACD (12,26,9): | -0.5800 | |
| Directional Movement: | -12.40 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 57.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.92 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 58.61 | |
| Zig ZAG (10): | 57.76 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 40.98 | |
| TEMA (21): | 56.43 | |
| Williams %R (14): | -43.07 | |
| Chande Momentum Oscillator (20): | -0.97 | |
| Repulse (5,40,3): | -1.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 5.96 |
| MA7: | 55.81 | |
| MA20: | 48.03 | |
| MA50: | 43.46 | |
| MA100: | 54.71 | |
| MAexp7: | 56.73 | |
| MAexp20: | 57.71 | |
| MAexp50: | 57.78 | |
| MAexp100: | 56.72 | |
| Price / MA7: | +4.07% | |
| Price / MA20: | +20.92% | |
| Price / MA50: | +33.64% | |
| Price / MA100: | +6.16% | |
| Price / MAexp7: | +2.38% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +2.40% |
Quotes :
-
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 Announces Date of Fourth Quarter and Full Year 2022 Financial Results
- Coinbase Releases Third Quarter 2022 Shareholder Letter
- Coinbase Announces Date of Third Quarter 2022 Financial Results
- Coinbase to Participate in the Goldman Sachs Communacopia & Technology Conference
- Coinbase Releases Second Quarter 2022 Shareholder Letter
This member declared not having a position on this financial instrument or a related financial instrument.
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