COTI - COTI/USDT - Daily - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.123600 USDT
My targets
0.097793 USDT (-9.67%)
0.076370 USDT (-29.46%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COTI - COTI/USDT as long as the price remains well below 0.123600 USDT. The sellers' bearish objective is set at 0.097793 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.076370 USDT. In case of crossing, the next objective would be the support located at 0.037866 USDT.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COTI - COTI/USDT price is 0.108260 USDT. The price registered a decrease of -2.23% on the session and was between 0.107937 USDT and 0.111787 USDT. This implies that the price is at +0.30% from its lowest and at -3.16% from its highest.0.107937
0.111787
0.108260
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of COTI - COTI/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.037866 | 0.076370 | 0.097793 | 0.108260 | 0.123600 | 0.156287 | 0.175901 |
| Change (%) | -65.02% | -29.46% | -9.67% | - | +14.17% | +44.36% | +62.48% |
| Change | -0.070394 | -0.031890 | -0.010467 | - | +0.015340 | +0.048027 | +0.067641 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | 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 | 0.095973 | 0.099438 | 0.105085 | 0.108550 | 0.114197 | 0.117662 | 0.123309 |
| Camarilla | 0.108227 | 0.109063 | 0.109898 | 0.110733 | 0.111568 | 0.112404 | 0.113239 |
| Woodie | 0.097065 | 0.099984 | 0.106177 | 0.109096 | 0.115289 | 0.118208 | 0.124401 |
| Fibonacci | 0.099438 | 0.102919 | 0.105069 | 0.108550 | 0.112031 | 0.114181 | 0.117662 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.023047 | 0.033065 | 0.066035 | 0.122147 | 0.155117 | 0.211229 | 0.244199 |
| Camarilla | 0.074509 | 0.082674 | 0.090840 | 0.099006 | 0.107172 | 0.115338 | 0.123504 |
| Woodie | -0.034617 | 0.027280 | 0.054465 | 0.116362 | 0.143547 | 0.205444 | 0.232629 |
| Fibonacci | 0.033065 | 0.067094 | 0.088117 | 0.122147 | 0.156176 | 0.177199 | 0.211229 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001657 | 0.068562 | 0.127600 | 0.197819 | 0.256857 | 0.327076 | 0.386114 |
| Camarilla | 0.151092 | 0.162941 | 0.174789 | 0.186638 | 0.198487 | 0.210335 | 0.222184 |
| Woodie | -0.007248 | 0.065767 | 0.122010 | 0.195024 | 0.251267 | 0.324281 | 0.380524 |
| Fibonacci | 0.068562 | 0.117938 | 0.148443 | 0.197819 | 0.247195 | 0.277700 | 0.327076 |
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): | 32.20 | |
| MACD (12,26,9): | -0.0202 | |
| Directional Movement: | -18.693924 | |
| AROON (14): | -35.714285 | |
| DEMA (21): | 0.120558 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.140200 | |
| Elder Ray (13): | -0.022841 | |
| Super Trend (3,10): | 0.162693 | |
| Zig ZAG (10): | 0.108507 | |
| VORTEX (21): | 0.7551 | |
| Stochastique (14,3,5): | 22.00 | |
| TEMA (21): | 0.103659 | |
| Williams %R (14): | -78.25 | |
| Chande Momentum Oscillator (20): | -0.047735 | |
| Repulse (5,40,3): | -6.7638 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2478 | |
| Courbe Coppock: | 62.04 |
| MA7: | 0.116740 | |
| MA20: | 0.150416 | |
| MA50: | 0.184027 | |
| MA100: | 0.133540 | |
| MAexp7: | 0.118935 | |
| MAexp20: | 0.144313 | |
| MAexp50: | 0.156827 | |
| MAexp100: | 0.139954 | |
| Price / MA7: | -7.26% | |
| Price / MA20: | -28.03% | |
| Price / MA50: | -41.17% | |
| Price / MA100: | -18.93% | |
| Price / MAexp7: | -8.98% | |
| Price / MAexp20: | -24.98% | |
| Price / MAexp50: | -30.97% | |
| Price / MAexp100: | -22.65% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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