Londinia Opportunities Analyses - 01/26/2023 (GMT) COINBASE GLB.CL.A -.00001 - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 48.005 EUR
My targets
51.897 EUR (+4.59%)
56.042 EUR (+12.94%)
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 GLB.CL.A -.00001 as long as the price remains well above 48.005 EUR. The buyers' bullish objective is set at 51.897 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 56.042 EUR. If there is any crossing, the next objective would be the resistance located at 62.186 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.7
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
COINBASE GLB.CL.A -.00001 rating 49.620 EUR. On the day, this instrument gained +4.88% and was traded between 48.215 EUR and 49.825 EUR over the period. The price is currently at +2.91% from its lowest and -0.41% from its highest.48.215
49.825
49.620
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of COINBASE GLB.CL.A -.00001 indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.178 | 45.063 | 48.005 | 49.620 | 49.693 | 51.897 | 62.186 |
| Change (%) | -15.00% | -9.18% | -3.25% | - | +0.15% | +4.59% | +25.32% |
| Change | -7.442 | -4.557 | -1.615 | - | +0.073 | +2.277 | +12.566 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.400 | 44.010 | 45.660 | 47.270 | 48.920 | 50.530 | 52.180 |
| Camarilla | 46.414 | 46.712 | 47.011 | 47.310 | 47.609 | 47.908 | 48.207 |
| Woodie | 42.420 | 44.020 | 45.680 | 47.280 | 48.940 | 50.540 | 52.200 |
| Fibonacci | 44.010 | 45.255 | 46.025 | 47.270 | 48.515 | 49.285 | 50.530 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.723 | 40.622 | 44.433 | 48.332 | 52.143 | 56.042 | 59.853 |
| Camarilla | 46.125 | 46.832 | 47.538 | 48.245 | 48.952 | 49.659 | 50.365 |
| Woodie | 36.680 | 40.600 | 44.390 | 48.310 | 52.100 | 56.020 | 59.810 |
| Fibonacci | 40.622 | 43.567 | 45.386 | 48.332 | 51.277 | 53.096 | 56.042 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.777 | 19.388 | 25.777 | 36.388 | 42.777 | 53.388 | 59.777 |
| Camarilla | 27.490 | 29.048 | 30.607 | 32.165 | 33.723 | 35.282 | 36.840 |
| Woodie | 6.665 | 18.333 | 23.665 | 35.333 | 40.665 | 52.333 | 57.665 |
| Fibonacci | 19.388 | 25.882 | 29.894 | 36.388 | 42.882 | 46.894 | 53.388 |
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): | 55.20 | |
| MACD (12,26,9): | 0.0420 | |
| Directional Movement: | 3.938 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 48.814 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.158 | |
| Elder Ray (13): | 0.875 | |
| Super Trend (3,10): | 47.088 | |
| Zig ZAG (10): | 49.620 | |
| VORTEX (21): | 0.8910 | |
| Stochastique (14,3,5): | 87.44 | |
| TEMA (21): | 48.663 | |
| Williams %R (14): | -4.88 | |
| Chande Momentum Oscillator (20): | 2.120 | |
| Repulse (5,40,3): | 0.1190 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0520 | |
| Courbe Coppock: | 2.70 |
| MA7: | 48.404 | |
| MA20: | 41.548 | |
| MA50: | 39.938 | |
| MA100: | 53.431 | |
| MAexp7: | 49.044 | |
| MAexp20: | 48.797 | |
| MAexp50: | 48.290 | |
| MAexp100: | 46.125 | |
| Price / MA7: | +2.51% | |
| Price / MA20: | +19.43% | |
| Price / MA50: | +24.24% | |
| Price / MA100: | -7.13% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +1.69% | |
| Price / MAexp50: | +2.75% | |
| Price / MAexp100: | +7.58% |
Quotes :
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15 min delayed data
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