COSMOS - ATOM/USD - 1H - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 11.75 USD
My targets
11.07 USD (-2.55%)
10.63 USD (-6.43%)
My analysis
The bearish basic trend is very strong on COSMOS - ATOM/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 11.75 USD. Crossing the first support at 11.07 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 10.63 USD as an objective. Crossing it would then enable sellers to target 9.91 USD. Caution, a return to above the resistance located at 11.75 USD would be a sign of a possible consolidation phase of 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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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 COSMOS - ATOM/USD price is 11.36 USD. On the day, this instrument lost -0.53% with the lowest point at 11.08 USD and the highest point at 11.55 USD. The deviation from the price is +2.53% for the low point and -1.65% for the high point.11.08
11.55
11.36
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COSMOS - ATOM/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of COSMOS - ATOM/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.63 | 11.07 | 11.31 | 11.36 | 11.75 | 12.04 | 12.22 |
| Change (%) | -6.43% | -2.55% | -0.44% | - | +3.43% | +5.99% | +7.57% |
| Change | -0.73 | -0.29 | -0.05 | - | +0.39 | +0.68 | +0.86 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.17 | 10.74 | 11.08 | 11.65 | 11.99 | 12.56 | 12.90 |
| Camarilla | 11.17 | 11.25 | 11.34 | 11.42 | 11.50 | 11.59 | 11.67 |
| Woodie | 10.06 | 10.68 | 10.97 | 11.59 | 11.88 | 12.50 | 12.79 |
| Fibonacci | 10.74 | 11.09 | 11.30 | 11.65 | 12.00 | 12.21 | 12.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.58 | 9.39 | 10.37 | 11.18 | 12.16 | 12.97 | 13.95 |
| Camarilla | 10.85 | 11.01 | 11.18 | 11.34 | 11.50 | 11.67 | 11.83 |
| Woodie | 8.66 | 9.43 | 10.45 | 11.22 | 12.24 | 13.01 | 14.03 |
| Fibonacci | 9.39 | 10.08 | 10.50 | 11.18 | 11.87 | 12.29 | 12.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.74 | 6.97 | 8.11 | 9.34 | 10.48 | 11.71 | 12.85 |
| Camarilla | 8.60 | 8.82 | 9.03 | 9.25 | 9.47 | 9.69 | 9.90 |
| Woodie | 5.70 | 6.95 | 8.07 | 9.32 | 10.44 | 11.69 | 12.81 |
| Fibonacci | 6.97 | 7.88 | 8.44 | 9.34 | 10.25 | 10.81 | 11.71 |
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): | 51.40 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -3.46 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 11.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.32 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 11.69 | |
| Zig ZAG (10): | 11.45 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 84.28 | |
| TEMA (21): | 11.42 | |
| Williams %R (14): | -27.50 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.65 |
| MA7: | 11.56 | |
| MA20: | 11.26 | |
| MA50: | 10.15 | |
| MA100: | 8.68 | |
| MAexp7: | 11.43 | |
| MAexp20: | 11.44 | |
| MAexp50: | 11.53 | |
| MAexp100: | 11.56 | |
| Price / MA7: | -1.73% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | +11.92% | |
| Price / MA100: | +30.88% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -1.73% |
Quotes :
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Real time data
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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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