COINBASE GLOBAL INC. - Daily - Technical analysis published on 01/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 137.40 USD
My targets
162.40 USD (+7.34%)
170.20 USD (+12.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on COINBASE GLOBAL INC.. As long as you are above the support located at 137.40 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 162.40 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 170.20 USD as an objective. Crossing it would then enable buyers to target 186.36 USD. If the support 137.40 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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This analysis was given by Marnicdreams. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COINBASE GLOBAL INC. price is 151.29 USD. The price registered a decrease of -0.46% on the session with the lowest point at 143.15 USD and the highest point at 153.47 USD. The deviation from the price is +5.69% for the low point and -1.42% for the high point.143.15
153.47
151.29
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of COINBASE GLOBAL INC. in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 71.16 | 84.07 | 110.15 | 151.29 | 152.24 | 170.20 | 186.36 |
| Change (%) | -52.96% | -44.43% | -27.19% | - | +0.63% | +12.50% | +23.18% |
| Change | -80.13 | -67.22 | -41.14 | - | +0.95 | +18.91 | +35.07 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 134.82 | 138.98 | 145.14 | 149.30 | 155.46 | 159.62 | 165.78 |
| Camarilla | 148.45 | 149.40 | 150.34 | 151.29 | 152.24 | 153.18 | 154.13 |
| Woodie | 135.81 | 139.48 | 146.13 | 149.80 | 156.45 | 160.12 | 166.77 |
| Fibonacci | 138.98 | 142.93 | 145.36 | 149.30 | 153.25 | 155.68 | 159.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.74 | 126.43 | 140.20 | 157.89 | 171.66 | 189.35 | 203.12 |
| Camarilla | 145.33 | 148.21 | 151.10 | 153.98 | 156.86 | 159.75 | 162.63 |
| Woodie | 106.79 | 125.45 | 138.25 | 156.91 | 169.71 | 188.37 | 201.17 |
| Fibonacci | 126.43 | 138.44 | 145.87 | 157.89 | 169.90 | 177.33 | 189.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.89 | 100.89 | 137.40 | 162.40 | 198.91 | 223.91 | 260.42 |
| Camarilla | 157.01 | 162.64 | 168.28 | 173.92 | 179.56 | 185.20 | 190.84 |
| Woodie | 81.66 | 103.77 | 143.17 | 165.28 | 204.68 | 226.79 | 266.19 |
| Fibonacci | 100.89 | 124.38 | 138.90 | 162.40 | 185.89 | 200.41 | 223.91 |
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): | 50.62 | |
| MACD (12,26,9): | 6.8700 | |
| Directional Movement: | -3.27 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 166.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 179.29 | |
| Elder Ray (13): | -9.58 | |
| Super Trend (3,10): | 181.16 | |
| Zig ZAG (10): | 151.29 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 24.05 | |
| TEMA (21): | 161.17 | |
| Williams %R (14): | -81.60 | |
| Chande Momentum Oscillator (20): | -16.74 | |
| Repulse (5,40,3): | 1.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.2200 | |
| Courbe Coppock: | 3.53 |
| MA7: | 154.49 | |
| MA20: | 160.53 | |
| MA50: | 128.91 | |
| MA100: | 102.83 | |
| MAexp7: | 156.49 | |
| MAexp20: | 155.05 | |
| MAexp50: | 135.08 | |
| MAexp100: | 114.58 | |
| Price / MA7: | -2.07% | |
| Price / MA20: | -5.76% | |
| Price / MA50: | +17.36% | |
| Price / MA100: | +47.13% | |
| Price / MAexp7: | -3.32% | |
| Price / MAexp20: | -2.43% | |
| Price / MAexp50: | +12.00% | |
| Price / MAexp100: | +32.04% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on COINBASE GLOBAL INC. at the time of the analysis were as follows:
- Coinbase Announces Early Tender Results and an Increase in Consideration in Connection with Cash Tender Offer for Up to $150.0 Million Aggregate Purchase Price of its Outstanding 3.625% Senior Notes Due 2031
- Coinbase Accelerates International Expansion with Official Launch in Canada
- Coinbase Commences Cash Tender Offer for Up to $150.0 Million Aggregate Purchase Price of its Outstanding 3.625% Senior Notes Due 2031
- Coinbase Releases Second Quarter 2023 Shareholder Letter
- Coinbase to Participate in the Oppenheimer 26th Annual Technology, Internet & Communications Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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