COINBASE GLOBAL
COINBASE GLOBAL
- EUR (-)
- 15 min delayed data - Italy Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: 1COIN
ISIN:

COINBASE GLOBAL - 1H - Technical analysis published on 02/27/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 186.98 EUR
My targets
196.96 EUR (+4.42%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COINBASE GLOBAL as long as the price remains well above 186.98 EUR. The buyers' bullish objective is set at 196.96 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

COINBASE GLOBAL rating 188.62 EUR. The price has increased by +11.35% since the last closing with the lowest point at 183.04 EUR and the highest point at 188.76 EUR. The deviation from the price is +3.05% for the low point and -0.07% for the high point.

183.04
188.76
188.62

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of COINBASE GLOBAL in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 159.05 166.12 178.12 188.62
Change (%) -15.68% -11.93% -5.57% -
Change -29.57 -22.50 -10.50 -
Level Intermediate Major Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard137.26144.64157.02164.40176.78184.16196.54
Camarilla163.97165.78167.59169.40171.21173.02174.83
Woodie139.76145.89159.52165.65179.28185.41199.04
Fibonacci144.64152.19156.85164.40171.95176.61184.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.02131.02141.00159.00168.98186.98196.96
Camarilla143.29145.85148.42150.98153.55156.11158.68
Woodie109.01129.02136.99157.00164.97184.98192.95
Fibonacci131.02141.71148.31159.00169.69176.29186.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.4073.5297.90134.02158.40194.52218.90
Camarilla105.64111.19116.73122.28127.83133.37138.92
Woodie31.5370.5992.03131.09152.53191.59213.03
Fibonacci73.5296.63110.91134.02157.13171.41194.52

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): 83.97
MACD (12,26,9): 7.4300
Directional Movement: 47.18
AROON (14): 71.42
DEMA (21): 175.22
Parabolic SAR (0,02-0,02-0,2): 160.92
Elder Ray (13): 15.58
Super Trend (3,10): 175.88
Zig ZAG (10): 187.50
VORTEX (21): 1.2500
Stochastique (14,3,5): 96.29
TEMA (21): 182.32
Williams %R (14): -3.17
Chande Momentum Oscillator (20): 36.52
Repulse (5,40,3): 1.0400
ROCnROLL: 1
TRIX (15,9): 0.2800
Courbe Coppock: 31.75
MA7: 163.39
MA20: 141.59
MA50: 137.05
MA100: 115.01
MAexp7: 179.17
MAexp20: 167.51
MAexp50: 161.24
MAexp100: 153.97
Price / MA7: +15.44%
Price / MA20: +33.22%
Price / MA50: +37.63%
Price / MA100: +64.00%
Price / MAexp7: +5.27%
Price / MAexp20: +12.60%
Price / MAexp50: +16.98%
Price / MAexp100: +22.50%

Quotes : - 15 min delayed data - Italy Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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