COSMOS - ATOM/USD - 1H - Technical analysis published on 09/21/2021 (GMT)
- 132
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 36.07 USD
My targets
32.73 USD (-4.10%)
31.24 USD (-8.47%)
My analysis
COSMOS - ATOM/USD 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 36.07 USD. The next support located at 32.73 USD 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 31.24 USD. Below this support, sellers could then target 29.51 USD. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COSMOS - ATOM/USD rating is 34.13 USD. The price has increased by +0.56% since the last closing and was between 31.21 USD and 37.19 USD. This implies that the price is at +9.36% from its lowest and at -8.23% from its highest.31.21
37.19
34.13
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this COSMOS - ATOM/USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.51 | 31.24 | 32.73 | 34.13 | 37.81 | 41.42 | 44.57 |
| Change (%) | -13.54% | -8.47% | -4.10% | - | +10.78% | +21.36% | +30.59% |
| Change | -4.62 | -2.89 | -1.40 | - | +3.68 | +7.29 | +10.44 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 18.56 | 25.96 | 29.95 | 37.35 | 41.34 | 48.74 | 52.73 |
| Camarilla | 30.81 | 31.85 | 32.90 | 33.94 | 34.98 | 36.03 | 37.07 |
| Woodie | 16.86 | 25.11 | 28.25 | 36.50 | 39.64 | 47.89 | 51.03 |
| Fibonacci | 25.96 | 30.31 | 33.00 | 37.35 | 41.70 | 44.39 | 48.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.28 | 20.64 | 30.71 | 36.07 | 46.14 | 51.50 | 61.57 |
| Camarilla | 36.53 | 37.94 | 39.36 | 40.77 | 42.18 | 43.60 | 45.01 |
| Woodie | 17.63 | 21.82 | 33.06 | 37.25 | 48.49 | 52.68 | 63.92 |
| Fibonacci | 20.64 | 26.54 | 30.18 | 36.07 | 41.97 | 45.61 | 51.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.10 | 5.83 | 14.38 | 20.31 | 28.86 | 34.79 | 43.34 |
| Camarilla | 18.94 | 20.27 | 21.59 | 22.92 | 24.25 | 25.58 | 26.90 |
| Woodie | 1.20 | 6.49 | 15.68 | 20.97 | 30.16 | 35.45 | 44.64 |
| Fibonacci | 5.83 | 11.37 | 14.78 | 20.31 | 25.85 | 29.26 | 34.79 |
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): | 42.22 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -12.50 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 34.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.84 | |
| Elder Ray (13): | -0.56 | |
| Super Trend (3,10): | 37.98 | |
| Zig ZAG (10): | 34.63 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 61.76 | |
| TEMA (21): | 35.09 | |
| Williams %R (14): | -49.28 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -2.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3500 | |
| Courbe Coppock: | 6.66 |
| MA7: | 36.85 | |
| MA20: | 30.59 | |
| MA50: | 22.75 | |
| MA100: | 17.22 | |
| MAexp7: | 35.43 | |
| MAexp20: | 35.83 | |
| MAexp50: | 37.02 | |
| MAexp100: | 37.09 | |
| Price / MA7: | -7.38% | |
| Price / MA20: | +11.57% | |
| Price / MA50: | +50.02% | |
| Price / MA100: | +98.20% | |
| Price / MAexp7: | -3.67% | |
| Price / MAexp20: | -4.74% | |
| Price / MAexp50: | -7.81% | |
| Price / MAexp100: | -7.98% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis COSMOS - ATOM/USD - 1H