Coinbase Global Inc (COIN): Price Up $1.03 (0.46)% Over Past Day, Down $-2.31 (-1.01)% Over Past Hour

The Hourly View for COIN

Currently, COIN (Get Ratings)’s price is down $-2.31 (-1.01%) from the hour prior. COIN has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Banking stocks, COIN ranks 3rd in regards to today’s price percentage change.

COIN’s Technical Outlook on the Daily Chart

At the time of this writing, COIN’s price is up $1.03 (0.46%) from the day prior. The daily chart shows that COIN has seen 2 straight up days. Regarding the trend, note that the strongest trend exists on the 40 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Coinbase Global Inc’s price action over the past 90 days can be seen via the chart below.

COIN

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