COSMOS - ATOM/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ATOMUSDT
ISIN:

COSMOS - ATOM/USDT - Daily - Technical analysis published on 10/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 7.04 USDT

My targets

5.75 USDT (-10.48%)

5.20 USDT (-18.96%)

My analysis

The bearish trend is currently very strong for COSMOS - ATOM/USDT. As long as the price remains below the resistance at 7.04 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

COSMOS - ATOM/USDT rating 6.42 USDT. The price is lower by -3.17% since the last closing with the lowest point at 6.38 USDT and the highest point at 6.63 USDT. The deviation from the price is +0.63% for the low point and -3.17% for the high point.

6.38

6.63

6.42

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Daily 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.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	6.38	6.42	7.55	8.36	9.92
Change (%)	-0.62%	-	+17.60%	+30.22%	+54.52%
Change	-0.04	-	+1.13	+1.94	+3.50
Level	Major	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.49	6.54	6.58	6.63	6.67	6.72	6.76
Camarilla	6.61	6.61	6.62	6.63	6.64	6.65	6.66
Woodie	6.50	6.54	6.59	6.63	6.68	6.72	6.77
Fibonacci	6.54	6.57	6.59	6.63	6.66	6.68	6.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.24	5.81	6.20	6.77	7.16	7.73	8.12
Camarilla	6.32	6.40	6.49	6.58	6.67	6.76	6.84
Woodie	5.14	5.77	6.10	6.73	7.06	7.69	8.02
Fibonacci	5.81	6.18	6.41	6.77	7.14	7.37	7.73

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.20
MACD (12,26,9):	-0.1500
Directional Movement:	-6.29
AROON (14):	-50.00
DEMA (21):	6.60
Parabolic SAR (0,02-0,02-0,2):	6.96
Elder Ray (13):	-0.19
Super Trend (3,10):	7.20
Zig ZAG (10):	6.43
VORTEX (21):	0.9100
Stochastique (14,3,5):	15.18
TEMA (21):	6.54
Williams %R (14):	-95.53
Chande Momentum Oscillator (20):	-0.40
Repulse (5,40,3):	-4.4000
ROCnROLL:	2
TRIX (15,9):	-0.2000
Courbe Coppock:	14.44

MA7:	6.58
MA20:	6.87
MA50:	6.91
MA100:	7.73
MAexp7:	6.59
MAexp20:	6.78
MAexp50:	7.07
MAexp100:	7.70
Price / MA7:	-2.43%
Price / MA20:	-6.55%
Price / MA50:	-7.09%
Price / MA100:	-16.95%
Price / MAexp7:	-2.58%
Price / MAexp20:	-5.31%
Price / MAexp50:	-9.19%
Price / MAexp100:	-16.62%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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