COSMOS - ATOM/USDT - Weekly - Technical analysis published on 10/12/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 8.36 USDT
My targets
5.75 USDT (-11.58%)
5.20 USDT (-19.95%)
My analysis
The bearish trend is currently very strong for COSMOS - ATOM/USDT. As long as the price remains below the resistance at 8.36 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.75 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.20 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
The COSMOS - ATOM/USDT rating is 6.50 USDT. Over 5 days, this instrument lost -5.92% and was traded between 6.44 USDT and 7.35 USDT over the period. The price is currently at +0.93% from its lowest point and -11.51% from its highest point.6.44
7.35
6.50
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on COSMOS - ATOM/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Weekly chart of COSMOS - ATOM/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 6.50 | 8.36 | 15.18 | 29.48 |
| Change (%) | - | +28.62% | +133.54% | +353.54% |
| Change | - | +1.86 | +8.68 | +22.98 |
| Level | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.27 | 6.38 | 6.54 | 6.65 | 6.81 | 6.92 | 7.08 |
| Camarilla | 6.64 | 6.66 | 6.69 | 6.71 | 6.74 | 6.76 | 6.78 |
| Woodie | 6.31 | 6.39 | 6.58 | 6.66 | 6.85 | 6.93 | 7.12 |
| Fibonacci | 6.38 | 6.48 | 6.54 | 6.65 | 6.75 | 6.81 | 6.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.71 | 6.24 | 6.60 | 7.13 | 7.49 | 8.02 | 8.38 |
| Camarilla | 6.72 | 6.80 | 6.88 | 6.96 | 7.04 | 7.12 | 7.21 |
| Woodie | 5.63 | 6.20 | 6.52 | 7.09 | 7.41 | 7.98 | 8.30 |
| Fibonacci | 6.24 | 6.58 | 6.79 | 7.13 | 7.47 | 7.68 | 8.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.20 | 5.75 | 6.49 | 7.04 | 7.78 | 8.33 | 9.07 |
| Camarilla | 6.89 | 7.00 | 7.12 | 7.24 | 7.36 | 7.48 | 7.60 |
| Woodie | 5.31 | 5.80 | 6.60 | 7.09 | 7.89 | 8.38 | 9.18 |
| Fibonacci | 5.75 | 6.24 | 6.54 | 7.04 | 7.53 | 7.83 | 8.33 |
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): | 33.12 | |
| MACD (12,26,9): | -1.1100 | |
| Directional Movement: | -13.10 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 6.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.66 | |
| Elder Ray (13): | -0.71 | |
| Super Trend (3,10): | 9.69 | |
| Zig ZAG (10): | 6.50 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 18.03 | |
| TEMA (21): | 6.46 | |
| Williams %R (14): | -94.63 | |
| Chande Momentum Oscillator (20): | -2.77 | |
| Repulse (5,40,3): | -16.9700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5000 | |
| Courbe Coppock: | 51.41 |
| MA7: | 6.79 | |
| MA20: | 6.98 | |
| MA50: | 6.98 | |
| MA100: | 7.87 | |
| MAexp7: | 7.09 | |
| MAexp20: | 8.18 | |
| MAexp50: | 10.23 | |
| MAexp100: | 12.20 | |
| Price / MA7: | -4.27% | |
| Price / MA20: | -6.88% | |
| Price / MA50: | -6.88% | |
| Price / MA100: | -17.41% | |
| Price / MAexp7: | -8.32% | |
| Price / MAexp20: | -20.54% | |
| Price / MAexp50: | -36.46% | |
| Price / MAexp100: | -46.72% |
Quotes :
-
Real time data
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Cryptocompare
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