Londinia Opportunities Analyses - 09/24/2022 (GMT) COTI (X10000) - COTI/BTC - 1H
| Type: | Cryptocurrencies |
| Ticker: | COTIBTC |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 0.055800 BTC
My targets
0.057200 BTC (+1.60%)
0.059600 BTC (+5.86%)
My analysis
The basic bullish trend is very strong on COTI (X10000) - COTI/BTC but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.055800 BTC. Crossing the first resistance at 0.057200 BTC would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.059600 BTC as an objective. Crossing it would then enable buyers to target 0.063200 BTC. Caution, a return to below 0.055800 BTC would be a sign of a consolidation phase in the short-term basic trend. 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
7.7
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Additional analysis
Quotes
The COTI (X10000) - COTI/BTC price is 0.056300 BTC. On the day, this instrument gained +1.26% and was between 0.054200 BTC and 0.057400 BTC. This implies that the price is at +3.87% from its lowest and at -1.92% from its highest.0.054200
0.057400
0.056300
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COTI (X10000) - COTI/BTC indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.051400 | 0.053600 | 0.055800 | 0.056300 | 0.057200 | 0.059600 | 0.063200 |
| Change (%) | -8.70% | -4.80% | -0.89% | - | +1.60% | +5.86% | +12.26% |
| Change | -0.004900 | -0.002700 | -0.000500 | - | +0.000900 | +0.003300 | +0.006900 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
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 | 0.045333 | 0.048467 | 0.052033 | 0.055167 | 0.058733 | 0.061867 | 0.065433 |
| Camarilla | 0.053758 | 0.054372 | 0.054986 | 0.055600 | 0.056214 | 0.056828 | 0.057443 |
| Woodie | 0.045550 | 0.048575 | 0.052250 | 0.055275 | 0.058950 | 0.061975 | 0.065650 |
| Fibonacci | 0.048467 | 0.051026 | 0.052607 | 0.055167 | 0.057726 | 0.059307 | 0.061867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026833 | 0.035767 | 0.041733 | 0.050667 | 0.056633 | 0.065567 | 0.071533 |
| Camarilla | 0.043603 | 0.044968 | 0.046334 | 0.047700 | 0.049066 | 0.050432 | 0.051798 |
| Woodie | 0.025350 | 0.035025 | 0.040250 | 0.049925 | 0.055150 | 0.064825 | 0.070050 |
| Fibonacci | 0.035767 | 0.041459 | 0.044975 | 0.050667 | 0.056359 | 0.059875 | 0.065567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032033 | 0.037667 | 0.041233 | 0.046867 | 0.050433 | 0.056067 | 0.059633 |
| Camarilla | 0.042270 | 0.043113 | 0.043957 | 0.044800 | 0.045643 | 0.046487 | 0.047330 |
| Woodie | 0.031000 | 0.037150 | 0.040200 | 0.046350 | 0.049400 | 0.055550 | 0.058600 |
| Fibonacci | 0.037667 | 0.041181 | 0.043352 | 0.046867 | 0.050381 | 0.052552 | 0.056067 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.11 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 13.694464 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.056104 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.054572 | |
| Elder Ray (13): | 0.000319 | |
| Super Trend (3,10): | 0.054393 | |
| Zig ZAG (10): | 0.056200 | |
| VORTEX (21): | 0.9828 | |
| Stochastique (14,3,5): | 89.86 | |
| TEMA (21): | 0.055977 | |
| Williams %R (14): | -13.04 | |
| Chande Momentum Oscillator (20): | 0.001200 | |
| Repulse (5,40,3): | 0.1195 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0763 | |
| Courbe Coppock: | 3.39 |
| MA7: | 0.051571 | |
| MA20: | 0.048695 | |
| MA50: | 0.047822 | |
| MA100: | 0.046993 | |
| MAexp7: | 0.055991 | |
| MAexp20: | 0.055605 | |
| MAexp50: | 0.054630 | |
| MAexp100: | 0.053123 | |
| Price / MA7: | +9.17% | |
| Price / MA20: | +15.62% | |
| Price / MA50: | +17.73% | |
| Price / MA100: | +19.81% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +1.25% | |
| Price / MAexp50: | +3.06% | |
| Price / MAexp100: | +5.98% |
Quotes :
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Real time data
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Cryptocompare