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COINBASE GLOBAL INC.
COINBASE GLOBAL INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: COIN
ISIN:

COINBASE GLOBAL INC. - 1H - Technical analysis published on 05/11/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 289.15 USD
My targets
305.15 USD (+3.99%)
317.27 USD (+8.12%)
My analysis
The strong short-term increase in COINBASE GLOBAL INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 289.15 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 305.15 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 317.27 USD as an objective. Crossing it would then enable buyers to target 327.24 USD. Caution, a return under 289.15 USD could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.8

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.

Bastien Huneau
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The COINBASE GLOBAL INC. rating is 293.45 USD. The price registered an increase of +11.28% on the session and was traded between 259.37 USD and 297.50 USD over the period. The price is currently at +13.14% from its lowest and -1.36% from its highest.

259.37
297.50
293.45

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of COINBASE GLOBAL INC. indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 259.10 267.07 289.15 293.45 305.15 317.27 327.24
Change (%) -11.71% -8.99% -1.47% - +3.99% +8.12% +11.51%
Change -34.35 -26.38 -4.30 - +11.70 +23.82 +33.79
Level Minor Minor Major - Major Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard231.25245.31269.38283.44307.51321.57345.64
Camarilla282.96286.46289.96293.45296.95300.44303.94
Woodie236.26247.81274.39285.94312.52324.07350.65
Fibonacci245.31259.88268.87283.44298.01307.00321.57


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard231.25245.31269.38283.44307.51321.57345.64
Camarilla282.96286.46289.96293.45296.95300.44303.94
Woodie236.26247.81274.39285.94312.52324.07350.65
Fibonacci245.31259.88268.87283.44298.01307.00321.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard95.82188.95243.29336.42390.76483.89538.23
Camarilla257.09270.60284.12297.64311.16324.68338.19
Woodie76.44179.25223.91326.72371.38474.19518.85
Fibonacci188.95245.28280.08336.42392.75427.55483.89

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): 65.50
MACD (12,26,9): 3.2200
Directional Movement: 19.41
AROON (14): 100.00
DEMA (21): 277.62
Parabolic SAR (0,02-0,02-0,2): 267.66
Elder Ray (13): 14.90
Super Trend (3,10): 270.03
Zig ZAG (10): 293.45
VORTEX (21): 1.1200
Stochastique (14,3,5): 91.34
TEMA (21): 285.45
Williams %R (14): -10.35
Chande Momentum Oscillator (20): 29.49
Repulse (5,40,3): 3.3500
ROCnROLL: 1
TRIX (15,9): -0.1100
Courbe Coppock: 18.54
MA7: 279.92
MA20: -
MA50: -
MA100: -
MAexp7: 284.52
MAexp20: 275.99
MAexp50: 280.33
MAexp100: 294.01
Price / MA7: +4.83%
Price / MA20: -
Price / MA50: -
Price / MA100: -
Price / MAexp7: +3.14%
Price / MAexp20: +6.33%
Price / MAexp50: +4.68%
Price / MAexp100: -0.19%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


Don't forget to follow the news on COINBASE GLOBAL INC.. At the time of publication of this analysis, the latest news was as follows:

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

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