COTI - COTI/USD - 1H - Technical analysis published on 05/03/2023 (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:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 0.075370 USD
My targets
0.079215 USD (+1.07%)
0.081644 USD (+4.16%)
My analysis
COTI - COTI/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.075370 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.079215 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.081644 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.091600 USD. Beware of a possible return to under the support located at 0.075370 USD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2
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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 0.078380 USD. On the day, this instrument lost -0.03% with the lowest point at 0.076810 USD and the highest point at 0.079490 USD. The deviation from the price is +2.04% for the low point and -1.40% for the high point.0.076810
0.079490
0.078380
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 slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.051600 | 0.065000 | 0.075370 | 0.078380 | 0.079215 | 0.081644 | 0.091600 |
| Change (%) | -34.17% | -17.07% | -3.84% | - | +1.07% | +4.16% | +16.87% |
| Change | -0.026780 | -0.013380 | -0.003010 | - | +0.000835 | +0.003264 | +0.013220 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071117 | 0.073013 | 0.075707 | 0.077603 | 0.080297 | 0.082193 | 0.084887 |
| Camarilla | 0.077138 | 0.077559 | 0.077979 | 0.078400 | 0.078821 | 0.079242 | 0.079662 |
| Woodie | 0.071515 | 0.073213 | 0.076105 | 0.077803 | 0.080695 | 0.082393 | 0.085285 |
| Fibonacci | 0.073013 | 0.074767 | 0.075850 | 0.077603 | 0.079357 | 0.080440 | 0.082193 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.27 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.586618 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.078220 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.077400 | |
| Elder Ray (13): | -0.000033 | |
| Super Trend (3,10): | 0.076028 | |
| Zig ZAG (10): | 0.078200 | |
| VORTEX (21): | 1.0156 | |
| Stochastique (14,3,5): | 47.66 | |
| TEMA (21): | 0.078433 | |
| Williams %R (14): | -55.02 | |
| Chande Momentum Oscillator (20): | -0.000180 | |
| Repulse (5,40,3): | -0.8537 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0680 | |
| Courbe Coppock: | 1.75 |
| MA7: | 0.078851 | |
| MA20: | 0.084637 | |
| MA50: | 0.079641 | |
| MA100: | 0.085210 | |
| MAexp7: | 0.078062 | |
| MAexp20: | 0.077796 | |
| MAexp50: | 0.077650 | |
| MAexp100: | 0.078156 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -7.39% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | -8.02% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +0.29% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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