COTI - COTI/USD - 1H - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.058893 USD
My targets
0.051600 USD (-4.95%)
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 0.058893 USD. The sellers' bearish objective is set at 0.051600 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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Additional analysis
Quotes
COTI - COTI/USD rating 0.054290 USD. On the day, this instrument lost -0.02% with the lowest point at 0.052730 USD and the highest point at 0.054700 USD. The deviation from the price is +2.96% for the low point and -0.75% for the high point.0.052730
0.054700
0.054290
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of COTI - COTI/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.051600 | 0.054290 | 0.059760 | 0.063600 | 0.068449 |
| Change (%) | -4.95% | - | +10.08% | +17.15% | +26.08% |
| Change | -0.002690 | - | +0.005470 | +0.009310 | +0.014159 |
| Level | Intermediate | - | Intermediate | 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 | 0.042867 | 0.048393 | 0.051347 | 0.056873 | 0.059827 | 0.065353 | 0.068307 |
| Camarilla | 0.051968 | 0.052745 | 0.053523 | 0.054300 | 0.055077 | 0.055855 | 0.056632 |
| Woodie | 0.041580 | 0.047750 | 0.050060 | 0.056230 | 0.058540 | 0.064710 | 0.067020 |
| Fibonacci | 0.048393 | 0.051633 | 0.053634 | 0.056873 | 0.060113 | 0.062114 | 0.065353 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.058893 | 0.063047 | 0.065323 | 0.069477 | 0.071753 | 0.075907 | 0.078183 |
| Camarilla | 0.065832 | 0.066421 | 0.067011 | 0.067600 | 0.068189 | 0.068779 | 0.069368 |
| Woodie | 0.057955 | 0.062578 | 0.064385 | 0.069008 | 0.070815 | 0.075438 | 0.077245 |
| Fibonacci | 0.063047 | 0.065503 | 0.067020 | 0.069477 | 0.071933 | 0.073450 | 0.075907 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.046767 | 0.055873 | 0.062887 | 0.071993 | 0.079007 | 0.088113 | 0.095127 |
| Camarilla | 0.065467 | 0.066945 | 0.068422 | 0.069900 | 0.071378 | 0.072855 | 0.074333 |
| Woodie | 0.045720 | 0.055350 | 0.061840 | 0.071470 | 0.077960 | 0.087590 | 0.094080 |
| Fibonacci | 0.055873 | 0.062031 | 0.065836 | 0.071993 | 0.078151 | 0.081956 | 0.088113 |
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): | 32.57 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -19.876196 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.053137 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.053094 | |
| Elder Ray (13): | -0.000321 | |
| Super Trend (3,10): | 0.055618 | |
| Zig ZAG (10): | 0.053900 | |
| VORTEX (21): | 0.7469 | |
| Stochastique (14,3,5): | 44.81 | |
| TEMA (21): | 0.053280 | |
| Williams %R (14): | -57.61 | |
| Chande Momentum Oscillator (20): | -0.000300 | |
| Repulse (5,40,3): | -0.4090 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3818 | |
| Courbe Coppock: | 3.81 |
| MA7: | 0.062457 | |
| MA20: | 0.066265 | |
| MA50: | 0.071959 | |
| MA100: | 0.075281 | |
| MAexp7: | 0.054033 | |
| MAexp20: | 0.054919 | |
| MAexp50: | 0.057543 | |
| MAexp100: | 0.060530 | |
| Price / MA7: | -13.08% | |
| Price / MA20: | -18.07% | |
| Price / MA50: | -24.55% | |
| Price / MA100: | -27.88% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -5.65% | |
| Price / MAexp100: | -10.31% |
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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