COTI - COTI/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	COTIUSDT
ISIN:

COTI - COTI/USDT - Daily - Technical analysis published on 10/20/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

39%

33%

My opinion

Bullish above 0.418267 USDT

My targets

0.510900 USDT (+2.55%)

0.564100 USDT (+13.23%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.418267 USDT remains possible. It is advisable to trade COTI - COTI/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.418267 USDT. The next bullish objective for buyers is set at 0.510900 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.564100 USDT. If there is any crossing, the next objective would be the resistance located at 0.647700 USDT. PS: if there is a bearish break in the support located at 0.418267 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.1

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

The COTI - COTI/USDT price is 0.498200 USDT. On the day, this instrument gained +1.57% with the lowest point at 0.482600 USDT and the highest point at 0.504900 USDT. The deviation from the price is +3.23% for the low point and -1.33% for the high point.

0.482600

0.504900

0.498200

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Abnormal volumes on COTI - COTI/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of COTI - COTI/USDT in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.162000	0.261600	0.369767	0.498200	0.510900	0.564100	0.647700
Change (%)	-67.48%	-47.49%	-25.78%	-	+2.55%	+13.23%	+30.01%
Change	-0.336200	-0.236600	-0.128433	-	+0.012700	+0.065900	+0.149500
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Major

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	0.441600	0.458100	0.474300	0.490800	0.507000	0.523500	0.539700
Camarilla	0.481508	0.484505	0.487503	0.490500	0.493498	0.496495	0.499493
Woodie	0.441450	0.458025	0.474150	0.490725	0.506850	0.523425	0.539550
Fibonacci	0.458100	0.470591	0.478309	0.490800	0.503291	0.511009	0.523500

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.370533	0.418267	0.459833	0.507567	0.549133	0.596867	0.638433
Camarilla	0.476843	0.485028	0.493214	0.501400	0.509586	0.517772	0.525958
Woodie	0.367450	0.416725	0.456750	0.506025	0.546050	0.595325	0.635350
Fibonacci	0.418267	0.452379	0.473454	0.507567	0.541679	0.562754	0.596867

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.060433	0.099233	0.359767	0.519433	0.779967	0.939633	1.200167
Camarilla	0.504745	0.543263	0.581782	0.620300	0.658818	0.697337	0.735855
Woodie	-0.010000	0.124450	0.410200	0.544650	0.830400	0.964850	1.250600
Fibonacci	0.099233	0.259750	0.358917	0.519433	0.679950	0.779117	0.939633

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):	50.48
MACD (12,26,9):	0.0068
Directional Movement:	6.302319
AROON (14):	-21.428571
DEMA (21):	0.520743
Parabolic SAR (0,02-0,02-0,2):	0.617076
Elder Ray (13):	-0.012533
Super Trend (3,10):	0.347773
Zig ZAG (10):	0.499000
VORTEX (21):	0.9195
Stochastique (14,3,5):	17.33
TEMA (21):	0.493262
Williams %R (14):	-76.20
Chande Momentum Oscillator (20):	-0.022100
Repulse (5,40,3):	1.6827
ROCnROLL:	-1
TRIX (15,9):	0.5457
Courbe Coppock:	17.56

MA7:	0.498057
MA20:	0.520610
MA50:	0.448906
MA100:	0.324018
MAexp7:	0.497918
MAexp20:	0.503682
MAexp50:	0.452095
MAexp100:	0.378495
Price / MA7:	+0.03%
Price / MA20:	-4.30%
Price / MA50:	+10.98%
Price / MA100:	+53.76%
Price / MAexp7:	+0.06%
Price / MAexp20:	-1.09%
Price / MAexp50:	+10.20%
Price / MAexp100:	+31.63%

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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