COTI - COTI/USD - 1H - Technical analysis published on 09/04/2023 (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 bullish
Underlying:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.037298 USD
My targets
0.039000 USD (+1.85%)
0.039700 USD (+3.68%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on COTI - COTI/USD. This is a positive signal for buyers. As long as the price remains above 0.037298 USD, a purchase could be considered. The first bullish objective is located at 0.039000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.039700 USD as an objective. Crossing it would then enable buyers to target 0.041280 USD. In the event of a return below 0.037298 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COTI - COTI/USD rating is 0.038290 USD. The price is lower by -0.03% since the last closing and was between 0.038000 USD and 0.039100 USD. This implies that the price is at +0.76% from its lowest and at -2.07% from its highest.0.038000
0.039100
0.038290
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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
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 bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.036940 | 0.037298 | 0.038290 | 0.038292 | 0.039000 | 0.039700 |
| Change (%) | -3.53% | -2.59% | - | +0.01% | +1.85% | +3.68% |
| Change | -0.001350 | -0.000992 | - | +0.000002 | +0.000710 | +0.001410 |
| Level | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036667 | 0.037033 | 0.037667 | 0.038033 | 0.038667 | 0.039033 | 0.039667 |
| Camarilla | 0.038025 | 0.038117 | 0.038208 | 0.038300 | 0.038392 | 0.038483 | 0.038575 |
| Woodie | 0.036800 | 0.037100 | 0.037800 | 0.038100 | 0.038800 | 0.039100 | 0.039800 |
| Fibonacci | 0.037033 | 0.037415 | 0.037651 | 0.038033 | 0.038415 | 0.038651 | 0.039033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031177 | 0.033893 | 0.035847 | 0.038563 | 0.040517 | 0.043233 | 0.045187 |
| Camarilla | 0.036516 | 0.036944 | 0.037372 | 0.037800 | 0.038228 | 0.038656 | 0.039084 |
| Woodie | 0.030795 | 0.033703 | 0.035465 | 0.038373 | 0.040135 | 0.043043 | 0.044805 |
| Fibonacci | 0.033893 | 0.035677 | 0.036779 | 0.038563 | 0.040347 | 0.041449 | 0.043233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015980 | 0.026460 | 0.032130 | 0.042610 | 0.048280 | 0.058760 | 0.064430 |
| Camarilla | 0.033359 | 0.034839 | 0.036320 | 0.037800 | 0.039280 | 0.040761 | 0.042241 |
| Woodie | 0.013575 | 0.025258 | 0.029725 | 0.041408 | 0.045875 | 0.057558 | 0.062025 |
| Fibonacci | 0.026460 | 0.032629 | 0.036441 | 0.042610 | 0.048779 | 0.052591 | 0.058760 |
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): | 57.90 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 15.792154 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.038483 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037997 | |
| Elder Ray (13): | 0.000406 | |
| Super Trend (3,10): | 0.037711 | |
| Zig ZAG (10): | 0.038600 | |
| VORTEX (21): | 1.0953 | |
| Stochastique (14,3,5): | 80.02 | |
| TEMA (21): | 0.038635 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 0.000910 | |
| Repulse (5,40,3): | -0.7903 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0565 | |
| Courbe Coppock: | 3.15 |
| MA7: | 0.038527 | |
| MA20: | 0.039373 | |
| MA50: | 0.044825 | |
| MA100: | 0.049147 | |
| MAexp7: | 0.038524 | |
| MAexp20: | 0.038215 | |
| MAexp50: | 0.038012 | |
| MAexp100: | 0.038104 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -2.75% | |
| Price / MA50: | -14.58% | |
| Price / MA100: | -22.09% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +0.49% |
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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