COTI - COTI/USDT - 1H - Technical analysis published on 01/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.048997 USDT
My targets
0.054380 USDT (+4.58%)
0.055970 USDT (+7.63%)
My analysis
With a bullish background trend, the price of COTI - COTI/USDT is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.048997 USDT. A bullish break in the resistance located at 0.054380 USDT would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.055970 USDT. Then 0.057310 USDT by extension. It would be safer to wait for a bullish break in the resistance located at 0.054380 USDT before allowing yourself to re trade long positions (at purchase) on COTI - COTI/USDT. PS: if there is a bearish break in the support located at 0.048997 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, 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
0
10
3.4
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Additional analysis
Quotes
COTI - COTI/USDT rating 0.052000 USDT. On the day, this instrument lost -2.79% with the lowest point at 0.051850 USDT and the highest point at 0.053570 USDT. The deviation from the price is +0.29% for the low point and -2.93% for the high point.0.051850
0.053570
0.052000
Here is a more detailed summary of the historical variations registered by COTI - COTI/USDT:
Technical
Technical analysis of this 1H chart of COTI - COTI/USDT indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.025502 | 0.052000 | 0.054380 | 0.055970 | 0.057310 |
| Change (%) | -50.96% | - | +4.58% | +7.63% | +10.21% |
| Change | -0.026498 | - | +0.002380 | +0.003970 | +0.005310 |
| Level | Intermediate | - | Intermediate | Major | Minor |
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 | 0.050640 | 0.051930 | 0.052710 | 0.054000 | 0.054780 | 0.056070 | 0.056850 |
| Camarilla | 0.052921 | 0.053111 | 0.053300 | 0.053490 | 0.053680 | 0.053870 | 0.054059 |
| Woodie | 0.050385 | 0.051803 | 0.052455 | 0.053873 | 0.054525 | 0.055943 | 0.056595 |
| Fibonacci | 0.051930 | 0.052721 | 0.053209 | 0.054000 | 0.054791 | 0.055279 | 0.056070 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.044773 | 0.048997 | 0.051243 | 0.055467 | 0.057713 | 0.061937 | 0.064183 |
| Camarilla | 0.051711 | 0.052304 | 0.052897 | 0.053490 | 0.054083 | 0.054676 | 0.055269 |
| Woodie | 0.043785 | 0.048503 | 0.050255 | 0.054973 | 0.056725 | 0.061443 | 0.063195 |
| Fibonacci | 0.048997 | 0.051468 | 0.052995 | 0.055467 | 0.057938 | 0.059465 | 0.061937 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024840 | 0.039030 | 0.046260 | 0.060450 | 0.067680 | 0.081870 | 0.089100 |
| Camarilla | 0.047600 | 0.049563 | 0.051527 | 0.053490 | 0.055454 | 0.057417 | 0.059381 |
| Woodie | 0.021360 | 0.037290 | 0.042780 | 0.058710 | 0.064200 | 0.080130 | 0.085620 |
| Fibonacci | 0.039030 | 0.047212 | 0.052268 | 0.060450 | 0.068632 | 0.073688 | 0.081870 |
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): | 60.94 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 15.246233 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.059450 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.059120 | |
| Elder Ray (13): | 0.000211 | |
| Super Trend (3,10): | 0.058568 | |
| Zig ZAG (10): | 0.059420 | |
| VORTEX (21): | 1.1345 | |
| Stochastique (14,3,5): | 87.58 | |
| TEMA (21): | 0.059546 | |
| Williams %R (14): | -17.27 | |
| Chande Momentum Oscillator (20): | 0.000350 | |
| Repulse (5,40,3): | 0.5085 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0605 | |
| Courbe Coppock: | 2.01 |
| MA7: | 0.058384 | |
| MA20: | 0.062979 | |
| MA50: | 0.069515 | |
| MA100: | 0.087223 | |
| MAexp7: | 0.059395 | |
| MAexp20: | 0.059133 | |
| MAexp50: | 0.058757 | |
| MAexp100: | 0.058468 | |
| Price / MA7: | -10.93% | |
| Price / MA20: | -17.43% | |
| Price / MA50: | -25.20% | |
| Price / MA100: | -40.38% | |
| Price / MAexp7: | -12.45% | |
| Price / MAexp20: | -12.06% | |
| Price / MAexp50: | -11.50% | |
| Price / MAexp100: | -11.06% |
Quotes :
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Real time data
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Cryptocompare
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