Coinbase and the 1.618 Multiple

By Elliott Wave International

Fibonacci Elliott wave relationships often present themselves in the chart of a financial market. One common relationship is that the fifth wave will be 1.618 x the price move of the first wave. Based on that knowledge, here's the COIN (Coinbase) chart and forecast that Elliott Wave International published in their December 2024 Global Market Perspective:

COINBASE: We expect wave 5 to end near 364.09, the 1.618 multiple of wave 1 [see chart below]:

The chart below shows a March 31, 2025 update of the price action which followed the above forecast. Notice that fifth waves at two degrees of trend terminated within 14 points of EWI's price target:

EWI's global analysts regularly use Elliott wave ratio analysis for all major financial markets, including other cryptocurrencies. Their forecasts do not always work out as anticipated, yet, you'd be amazed at how often ratio analysis helps to keep you ahead of trend changes.

Want to learn more about Elliott wave analysis? Get instant and FREE access to EWI's handy guide: Learn the Essentials of the Elliott Wave Principle in 30 Minutes.

This article was syndicated by Elliott Wave International and was originally published under the headline Coinbase and the 1.618 Multiple. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.