COSMOS - ATOM/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ATOMUSD
ISIN:

COSMOS - ATOM/USD - Daily - Technical analysis published on 12/11/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 11.35 USD

My targets

8.74 USD (-12.07%)

7.78 USD (-21.73%)

My analysis

The bearish basic trend is very strong on COSMOS - ATOM/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 11.35 USD. Crossing the first support at 8.74 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 7.78 USD as an objective. Crossing it would then enable sellers to target 6.07 USD. Caution, a return to above the resistance located at 11.35 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.2

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.

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Additional analysis

Quotes

COSMOS - ATOM/USD rating 9.94 USD. The price registered a decrease of -0.10% on the session and was traded between 9.93 USD and 9.98 USD over the period. The price is currently at +0.10% from its lowest and -0.40% from its highest.

9.93

9.98

9.94

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of COSMOS - ATOM/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.78	8.74	9.82	9.94	11.35	13.22	15.40
Change (%)	-21.73%	-12.07%	-1.21%	-	+14.19%	+33.00%	+54.93%
Change	-2.16	-1.20	-0.12	-	+1.41	+3.28	+5.46
Level	Minor	Major	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	8.82	9.23	9.59	10.00	10.36	10.77	11.13
Camarilla	9.74	9.81	9.88	9.95	10.02	10.09	10.16
Woodie	8.80	9.22	9.57	9.99	10.34	10.76	11.11
Fibonacci	9.23	9.52	9.71	10.00	10.29	10.48	10.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.35	8.92	9.43	10.00	10.51	11.08	11.59
Camarilla	9.65	9.75	9.85	9.95	10.05	10.15	10.25
Woodie	8.33	8.91	9.41	9.99	10.49	11.07	11.57
Fibonacci	8.92	9.33	9.58	10.00	10.41	10.66	11.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.43	4.57	7.53	11.67	14.63	18.77	21.73
Camarilla	8.53	9.18	9.83	10.48	11.13	11.78	12.43
Woodie	-0.17	4.28	6.93	11.38	14.03	18.48	21.13
Fibonacci	4.57	7.29	8.96	11.67	14.39	16.06	18.77

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):	45.02
MACD (12,26,9):	-0.2900
Directional Movement:	-3.69
AROON (14):	14.29
DEMA (21):	9.68
Parabolic SAR (0,02-0,02-0,2):	9.10
Elder Ray (13):	-0.06
Super Trend (3,10):	11.20
Zig ZAG (10):	9.95
VORTEX (21):	1.0600
Stochastique (14,3,5):	36.72
TEMA (21):	9.84
Williams %R (14):	-57.63
Chande Momentum Oscillator (20):	-0.22
Repulse (5,40,3):	-0.4100
ROCnROLL:	2
TRIX (15,9):	-0.5100
Courbe Coppock:	0.33

MA7:	9.93
MA20:	10.03
MA50:	11.25
MA100:	12.29
MAexp7:	9.94
MAexp20:	10.14
MAexp50:	10.87
MAexp100:	11.57
Price / MA7:	+0.10%
Price / MA20:	-0.90%
Price / MA50:	-11.64%
Price / MA100:	-19.12%
Price / MAexp7:	-0%
Price / MAexp20:	-1.97%
Price / MAexp50:	-8.56%
Price / MAexp100:	-14.09%

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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Londinia AI

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