COTI - COTI/USD - 1H - Technical analysis published on 07/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.115842 USD
My targets
0.121433 USD (+3.90%)
0.127365 USD (+8.97%)
My analysis
The bullish trend is currently very strong on COTI - COTI/USD. As long as the price remains above the support at 0.115842 USD, you could try to benefit from the boom. The first bullish objective is located at 0.121433 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.127365 USD as an objective. Crossing it would then enable buyers to target 0.148299 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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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 0.116876 USD. The price registered an increase of +4.54% on the session with the lowest point at 0.106444 USD and the highest point at 0.116876 USD. The deviation from the price is +9.80% for the low point and 0% for the high point.0.106444
0.116876
0.116876
Here is a more detailed summary of the historical variations registered by COTI - COTI/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of COTI - COTI/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported 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 is high 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
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.104093 | 0.110779 | 0.115842 | 0.116876 | 0.121433 | 0.148299 | 0.191700 |
| Change (%) | -10.94% | -5.22% | -0.88% | - | +3.90% | +26.89% | +64.02% |
| Change | -0.012783 | -0.006097 | -0.001034 | - | +0.004557 | +0.031423 | +0.074824 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 0.097145 | 0.103542 | 0.107671 | 0.114068 | 0.118197 | 0.124594 | 0.128723 |
| Camarilla | 0.108905 | 0.109870 | 0.110835 | 0.111800 | 0.112765 | 0.113730 | 0.114695 |
| Woodie | 0.096011 | 0.102975 | 0.106537 | 0.113501 | 0.117063 | 0.124027 | 0.127589 |
| Fibonacci | 0.103542 | 0.107563 | 0.110047 | 0.114068 | 0.118089 | 0.120573 | 0.124594 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061642 | 0.072625 | 0.089012 | 0.099995 | 0.116382 | 0.127365 | 0.143752 |
| Camarilla | 0.097873 | 0.100382 | 0.102891 | 0.105400 | 0.107909 | 0.110418 | 0.112927 |
| Woodie | 0.064345 | 0.073976 | 0.091715 | 0.101346 | 0.119085 | 0.128716 | 0.146455 |
| Fibonacci | 0.072625 | 0.083080 | 0.089539 | 0.099995 | 0.110450 | 0.116909 | 0.127365 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002598 | 0.044757 | 0.069430 | 0.111589 | 0.136262 | 0.178421 | 0.203094 |
| Camarilla | 0.075725 | 0.081852 | 0.087978 | 0.094104 | 0.100230 | 0.106357 | 0.112483 |
| Woodie | -0.006144 | 0.040386 | 0.060688 | 0.107218 | 0.127520 | 0.174050 | 0.194352 |
| Fibonacci | 0.044757 | 0.070287 | 0.086059 | 0.111589 | 0.137119 | 0.152891 | 0.178421 |
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): | 59.85 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 6.863430 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.111469 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.106805 | |
| Elder Ray (13): | 0.003059 | |
| Super Trend (3,10): | 0.106473 | |
| Zig ZAG (10): | 0.113917 | |
| VORTEX (21): | 1.0672 | |
| Stochastique (14,3,5): | 86.49 | |
| TEMA (21): | 0.111177 | |
| Williams %R (14): | -24.55 | |
| Chande Momentum Oscillator (20): | 0.000843 | |
| Repulse (5,40,3): | 1.9949 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0566 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.109000 | |
| MA20: | 0.094810 | |
| MA50: | 0.098827 | |
| MA100: | 0.111792 | |
| MAexp7: | 0.111935 | |
| MAexp20: | 0.111321 | |
| MAexp50: | 0.110664 | |
| MAexp100: | 0.108729 | |
| Price / MA7: | +7.23% | |
| Price / MA20: | +23.27% | |
| Price / MA50: | +18.26% | |
| Price / MA100: | +4.55% | |
| Price / MAexp7: | +4.41% | |
| Price / MAexp20: | +4.99% | |
| Price / MAexp50: | +5.61% | |
| Price / MAexp100: | +7.49% |
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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