COSMOS - ATOM/USDT - Weekly - Technical analysis published on 10/17/2023 (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
11%
67%
22%
My opinion
Bearish under 7.04 USDT
My targets
5.75 USDT (-10.34%)
5.20 USDT (-18.83%)
My analysis
COSMOS - ATOM/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.04 USDT. The next support located at 5.75 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.20 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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Additional analysis
Quotes
The COSMOS - ATOM/USDT rating is 6.41 USDT. Over 5 days, this instrument lost -4.41% and was traded between 6.38 USDT and 6.66 USDT over the period. The price is currently at +0.47% from its lowest point and -3.77% from its highest point.6.38
6.66
6.41
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of COSMOS - ATOM/USDT in Weekly shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 6.41 | 8.36 | 15.18 | 29.48 |
| Change (%) | - | +30.42% | +136.82% | +359.91% |
| Change | - | +1.95 | +8.77 | +23.07 |
| 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 | 6.49 | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.52 | |
| MACD (12,26,9): | -1.1200 | |
| Directional Movement: | -13.18 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 6.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.58 | |
| Elder Ray (13): | -0.91 | |
| Super Trend (3,10): | 9.15 | |
| Zig ZAG (10): | 6.40 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 8.97 | |
| TEMA (21): | 6.30 | |
| Williams %R (14): | -96.62 | |
| Chande Momentum Oscillator (20): | -2.61 | |
| Repulse (5,40,3): | -14.8200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5500 | |
| Courbe Coppock: | 52.12 |
| MA7: | 6.58 | |
| MA20: | 6.87 | |
| MA50: | 6.91 | |
| MA100: | 7.73 | |
| MAexp7: | 6.93 | |
| MAexp20: | 8.01 | |
| MAexp50: | 10.08 | |
| MAexp100: | 12.08 | |
| Price / MA7: | -2.58% | |
| Price / MA20: | -6.70% | |
| Price / MA50: | -7.24% | |
| Price / MA100: | -17.08% | |
| Price / MAexp7: | -7.50% | |
| Price / MAexp20: | -19.98% | |
| Price / MAexp50: | -36.41% | |
| Price / MAexp100: | -46.94% |
Quotes :
-
Real time data
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