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Downtrend Broken Resist.Archive
- 6/6/2025 -
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Coinbase Global (COIN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Coinbase Global (COIN). During the week, the COIN gained 4.65 points, or 1.89%, and closed at 251.27 on Friday, June 6, 2025. Weekly volume was -18% below average.
 Long-term trend: [See COIN long-term trend chart]
A long-term uptrend had started on January 6, 2023 at 31.55 and reached 349.75 on December 6, 2024. COIN gained -318.20 points, or -1008.56%, in 100 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The uptrend resistance line (71.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See COIN medium-term trend chart]
A medium-term downtrend had started on December 6, 2024 at 349.75 and reached 142.58 on April 7, 2025. COIN lost 207.17 points, or 59.23%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (71.48) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See COIN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since May 16, 2025. Use the following link to access a MACD help.
 Short-term trend: [See COIN short-term trend chart]
A short-term downtrend had started on May 22, 2025 at 277.01 and reached 240.08 on June 5, 2025. COIN lost 36.93 points, or 13.33%, in 14 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (237.55) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See COIN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 28, 2025. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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