COINBASE GLOBAL INC. - 15 min. - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 78.60 USD
My targets
88.56 USD (+4.39%)
95.67 USD (+12.76%)
My analysis
The bullish trend is currently very strong on COINBASE GLOBAL INC.. As long as the price remains above the support at 78.60 USD, you could try to benefit from the boom. The first bullish objective is located at 88.56 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 95.67 USD as an objective. Crossing it would then enable buyers to target 105.79 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
COINBASE GLOBAL INC. rating 84.84 USD. The price has increased by +4.15% since the last closing and was traded between 73.02 USD and 87.63 USD over the period. The price is currently at +16.19% from its lowest and -3.18% from its highest.73.02
87.63
84.84
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of COINBASE GLOBAL INC. in 15 min. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.66 | 62.46 | 74.97 | 84.84 | 98.02 | 112.71 | 130.15 |
| Change (%) | -33.22% | -26.38% | -11.63% | - | +15.54% | +32.85% | +53.41% |
| Change | -28.18 | -22.38 | -9.87 | - | +13.18 | +27.87 | +45.31 |
| Level | Major | Major | Major | - | Intermediate | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 54.10 | 61.21 | 71.33 | 78.44 | 88.56 | 95.67 | 105.79 |
| Camarilla | 76.72 | 78.30 | 79.88 | 81.46 | 83.04 | 84.62 | 86.20 |
| Woodie | 55.62 | 61.96 | 72.85 | 79.19 | 90.08 | 96.42 | 107.31 |
| Fibonacci | 61.21 | 67.79 | 71.86 | 78.44 | 85.02 | 89.09 | 95.67 |
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 | 8.52 | 20.03 | 39.26 | 50.77 | 70.00 | 81.51 | 100.74 |
| Camarilla | 50.03 | 52.84 | 55.66 | 58.48 | 61.30 | 64.12 | 66.93 |
| Woodie | 12.37 | 21.96 | 43.11 | 52.70 | 73.85 | 83.44 | 104.59 |
| Fibonacci | 20.03 | 31.78 | 39.03 | 50.77 | 62.52 | 69.77 | 81.51 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.63 | |
| MACD (12,26,9): | 2.8000 | |
| Directional Movement: | 19.84 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 84.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.73 | |
| Elder Ray (13): | 4.85 | |
| Super Trend (3,10): | 76.98 | |
| Zig ZAG (10): | 86.09 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 86.26 | |
| TEMA (21): | 83.56 | |
| Williams %R (14): | -9.75 | |
| Chande Momentum Oscillator (20): | 5.74 | |
| Repulse (5,40,3): | 6.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5400 | |
| Courbe Coppock: | 2.84 |
| MA7: | 65.92 | |
| MA20: | 54.45 | |
| MA50: | 45.42 | |
| MA100: | 54.68 | |
| MAexp7: | 83.20 | |
| MAexp20: | 80.30 | |
| MAexp50: | 74.42 | |
| MAexp100: | 68.54 | |
| Price / MA7: | +28.70% | |
| Price / MA20: | +55.81% | |
| Price / MA50: | +86.79% | |
| Price / MA100: | +55.16% | |
| Price / MAexp7: | +1.97% | |
| Price / MAexp20: | +5.65% | |
| Price / MAexp50: | +14.00% | |
| Price / MAexp100: | +23.78% |
Quotes :
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15 min delayed data
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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:
- 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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