COTI - COTI/USD - 1H - Technical analysis published on 05/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 0.079209 USD
My targets
0.075370 USD (-4.11%)
0.073560 USD (-6.41%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COTI - COTI/USD as long as the price remains well below 0.079209 USD. The next bearish objective for sellers is set at 0.075370 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.073560 USD. If there is any crossing, the next objective would be the support located at 0.065000 USD. 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 over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COTI - COTI/USD rating 0.078600 USD. The price registered a decrease of -0.01% on the session with the lowest point at 0.076550 USD and the highest point at 0.079680 USD. The deviation from the price is +2.68% for the low point and -1.36% for the high point.0.076550
0.079680
0.078600
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COTI - COTI/USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.051600 | 0.065000 | 0.075370 | 0.078600 | 0.079209 | 0.081180 | 0.084610 |
| Change (%) | -34.35% | -17.30% | -4.11% | - | +0.77% | +3.28% | +7.65% |
| Change | -0.027000 | -0.013600 | -0.003230 | - | +0.000609 | +0.002580 | +0.006010 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
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 | 0.074970 | 0.076550 | 0.077580 | 0.079160 | 0.080190 | 0.081770 | 0.082800 |
| Camarilla | 0.077892 | 0.078132 | 0.078371 | 0.078610 | 0.078849 | 0.079089 | 0.079328 |
| Woodie | 0.074695 | 0.076413 | 0.077305 | 0.079023 | 0.079915 | 0.081633 | 0.082525 |
| Fibonacci | 0.076550 | 0.077547 | 0.078163 | 0.079160 | 0.080157 | 0.080773 | 0.081770 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057460 | 0.066480 | 0.073560 | 0.082580 | 0.089660 | 0.098680 | 0.105760 |
| Camarilla | 0.076213 | 0.077688 | 0.079164 | 0.080640 | 0.082116 | 0.083592 | 0.085068 |
| Woodie | 0.056490 | 0.065995 | 0.072590 | 0.082095 | 0.088690 | 0.098195 | 0.104790 |
| Fibonacci | 0.066480 | 0.072630 | 0.076430 | 0.082580 | 0.088730 | 0.092530 | 0.098680 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.028840 | 0.051470 | 0.065040 | 0.087670 | 0.101240 | 0.123870 | 0.137440 |
| Camarilla | 0.068655 | 0.071973 | 0.075292 | 0.078610 | 0.081928 | 0.085247 | 0.088565 |
| Woodie | 0.024310 | 0.049205 | 0.060510 | 0.085405 | 0.096710 | 0.121605 | 0.132910 |
| Fibonacci | 0.051470 | 0.065298 | 0.073842 | 0.087670 | 0.101498 | 0.110042 | 0.123870 |
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): | 53.67 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -3.778866 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.078672 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.076734 | |
| Elder Ray (13): | 0.000418 | |
| Super Trend (3,10): | 0.079756 | |
| Zig ZAG (10): | 0.079010 | |
| VORTEX (21): | 0.9746 | |
| Stochastique (14,3,5): | 72.60 | |
| TEMA (21): | 0.078653 | |
| Williams %R (14): | -30.67 | |
| Chande Momentum Oscillator (20): | -0.000290 | |
| Repulse (5,40,3): | -1.6078 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0551 | |
| Courbe Coppock: | 1.40 |
| MA7: | 0.080141 | |
| MA20: | 0.084982 | |
| MA50: | 0.079613 | |
| MA100: | 0.085147 | |
| MAexp7: | 0.078863 | |
| MAexp20: | 0.078954 | |
| MAexp50: | 0.079417 | |
| MAexp100: | 0.079955 | |
| Price / MA7: | -1.92% | |
| Price / MA20: | -7.51% | |
| Price / MA50: | -1.27% | |
| Price / MA100: | -7.69% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.69% |
Quotes :
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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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