COSMOS - ATOM/USDT - Weekly - Technical analysis published on 10/13/2023 (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 (-12.79%)
5.20 USDT (-21.05%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COSMOS - ATOM/USDT as long as the price remains well below 8.36 USDT. The sellers' bearish objective is set at 5.75 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.20 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term 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 6.59 USDT. The price is lower by -5.35% over the 5 days with the lowest point at 6.48 USDT and the highest point at 7.35 USDT. The deviation from the price is +1.70% for the low point and -10.29% for the high point.6.48
7.35
6.59
Here is a more detailed summary of the historical variations registered by COSMOS - ATOM/USDT:
Near a new LOW record (1 year)
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or 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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 6.59 | 8.36 | 15.18 | 29.48 |
| Change (%) | - | +26.86% | +130.35% | +347.34% |
| Change | - | +1.77 | +8.59 | +22.89 |
| Level | - | Minor | Minor | Minor |
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 | 6.05 | 6.21 | 6.40 | 6.56 | 6.75 | 6.91 | 7.10 |
| Camarilla | 6.48 | 6.52 | 6.55 | 6.58 | 6.61 | 6.64 | 6.68 |
| Woodie | 6.06 | 6.22 | 6.41 | 6.57 | 6.76 | 6.92 | 7.11 |
| Fibonacci | 6.21 | 6.35 | 6.43 | 6.56 | 6.70 | 6.78 | 6.91 |
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): | 33.48 | |
| MACD (12,26,9): | -1.1100 | |
| Directional Movement: | -13.43 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 6.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.66 | |
| Elder Ray (13): | -0.75 | |
| Super Trend (3,10): | 9.68 | |
| Zig ZAG (10): | 6.59 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 18.72 | |
| TEMA (21): | 6.48 | |
| Williams %R (14): | -92.66 | |
| Chande Momentum Oscillator (20): | -2.70 | |
| Repulse (5,40,3): | -13.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5000 | |
| Courbe Coppock: | 51.08 |
| MA7: | 6.76 | |
| MA20: | 6.96 | |
| MA50: | 6.97 | |
| MA100: | 7.84 | |
| MAexp7: | 7.11 | |
| MAexp20: | 8.19 | |
| MAexp50: | 10.24 | |
| MAexp100: | 12.20 | |
| Price / MA7: | -2.51% | |
| Price / MA20: | -5.32% | |
| Price / MA50: | -5.45% | |
| Price / MA100: | -15.94% | |
| Price / MAexp7: | -7.31% | |
| Price / MAexp20: | -19.54% | |
| Price / MAexp50: | -35.64% | |
| Price / MAexp100: | -45.98% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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