COTI - COTI/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	COTIUSDT
ISIN:

COTI - COTI/USDT - Daily - Technical analysis published on 10/21/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 0.510900 USDT

My targets

0.564100 USDT (+6.25%)

0.647700 USDT (+22.00%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COTI - COTI/USDT as long as the price remains well above 0.510900 USDT. The buyers' bullish objective is set at 0.564100 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.647700 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

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 0.530900 USDT. On the day, this instrument gained +5.51% and was traded between 0.498100 USDT and 0.531400 USDT over the period. The price is currently at +6.59% from its lowest and -0.09% from its highest.

0.498100

0.531400

0.530900

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by COTI - COTI/USDT:

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 a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.261600	0.369767	0.510900	0.530900	0.564100	0.647700
Change (%)	-50.73%	-30.35%	-3.77%	-	+6.25%	+22.00%
Change	-0.269300	-0.161133	-0.020000	-	+0.033200	+0.116800
Level	Intermediate	Minor	Major	-	Minor	Major

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	0.449533	0.466067	0.484633	0.501167	0.519733	0.536267	0.554833
Camarilla	0.493548	0.496765	0.499983	0.503200	0.506418	0.509635	0.512853
Woodie	0.450550	0.466575	0.485650	0.501675	0.520750	0.536775	0.555850
Fibonacci	0.466067	0.479475	0.487759	0.501167	0.514575	0.522859	0.536267

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):	54.57
MACD (12,26,9):	0.0085
Directional Movement:	9.032748
AROON (14):	-21.428573
DEMA (21):	0.523787
Parabolic SAR (0,02-0,02-0,2):	0.611033
Elder Ray (13):	0.006684
Super Trend (3,10):	0.370536
Zig ZAG (10):	0.525800
VORTEX (21):	0.9083
Stochastique (14,3,5):	28.84
TEMA (21):	0.499156
Williams %R (14):	-57.34
Chande Momentum Oscillator (20):	-0.023000
Repulse (5,40,3):	6.3260
ROCnROLL:	1
TRIX (15,9):	0.4779
Courbe Coppock:	13.69

MA7:	0.499000
MA20:	0.518275
MA50:	0.452804
MA100:	0.328084
MAexp7:	0.506282
MAexp20:	0.506212
MAexp50:	0.455226
MAexp100:	0.381703
Price / MA7:	+6.39%
Price / MA20:	+2.44%
Price / MA50:	+17.25%
Price / MA100:	+61.82%
Price / MAexp7:	+4.86%
Price / MAexp20:	+4.88%
Price / MAexp50:	+16.62%
Price / MAexp100:	+39.09%

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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