COSMOS - ATOM/USDT - Daily - Technical analysis published on 10/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 7.55 USDT
My targets
6.38 USDT (-2.89%)
My analysis
COSMOS - ATOM/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.55 USDT. The next support located at 6.38 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COSMOS - ATOM/USDT price is 6.57 USDT. The price registered a decrease of -0.15% on the session with the lowest point at 6.56 USDT and the highest point at 6.65 USDT. The deviation from the price is +0.15% for the low point and -1.20% for the high point.6.56
6.65
6.57
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this COSMOS - ATOM/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.38 | 6.57 | 7.55 | 8.36 | 9.92 |
| Change (%) | -2.89% | - | +14.92% | +27.25% | +50.99% |
| Change | -0.19 | - | +0.98 | +1.79 | +3.35 |
| Level | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.05 | 6.21 | 6.40 | 6.56 | 6.75 | 6.91 | 7.10 |
| Camarilla | 6.48 | 6.52 | 6.55 | 6.58 | 6.61 | 6.64 | 6.68 |
| Woodie | 6.06 | 6.22 | 6.41 | 6.57 | 6.76 | 6.92 | 7.11 |
| Fibonacci | 6.21 | 6.35 | 6.43 | 6.56 | 6.70 | 6.78 | 6.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.71 | 6.24 | 6.60 | 7.13 | 7.49 | 8.02 | 8.38 |
| Camarilla | 6.72 | 6.80 | 6.88 | 6.96 | 7.04 | 7.12 | 7.21 |
| Woodie | 5.63 | 6.20 | 6.52 | 7.09 | 7.41 | 7.98 | 8.30 |
| Fibonacci | 6.24 | 6.58 | 6.79 | 7.13 | 7.47 | 7.68 | 8.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.20 | 5.75 | 6.49 | 7.04 | 7.78 | 8.33 | 9.07 |
| Camarilla | 6.89 | 7.00 | 7.12 | 7.24 | 7.36 | 7.48 | 7.60 |
| Woodie | 5.31 | 5.80 | 6.60 | 7.09 | 7.89 | 8.38 | 9.18 |
| Fibonacci | 5.75 | 6.24 | 6.54 | 7.04 | 7.53 | 7.83 | 8.33 |
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): | 37.46 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -2.58 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 6.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.25 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 7.44 | |
| Zig ZAG (10): | 6.58 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 16.71 | |
| TEMA (21): | 6.72 | |
| Williams %R (14): | -84.80 | |
| Chande Momentum Oscillator (20): | -0.99 | |
| Repulse (5,40,3): | -2.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 10.59 |
| MA7: | 6.76 | |
| MA20: | 6.96 | |
| MA50: | 6.97 | |
| MA100: | 7.84 | |
| MAexp7: | 6.72 | |
| MAexp20: | 6.89 | |
| MAexp50: | 7.16 | |
| MAexp100: | 7.80 | |
| Price / MA7: | -2.81% | |
| Price / MA20: | -5.60% | |
| Price / MA50: | -5.74% | |
| Price / MA100: | -16.20% | |
| Price / MAexp7: | -2.23% | |
| Price / MAexp20: | -4.64% | |
| Price / MAexp50: | -8.24% | |
| Price / MAexp100: | -15.77% |
Quotes :
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Real time data
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