COSMOS - ATOM/USDT - 1H - Technical analysis published on 09/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
44%
39%
My opinion
Bearish under 4.14 USDT
My targets
4.02 USDT (-1.71%)
3.92 USDT (-4.16%)
My analysis
The current short-term bearish acceleration registered on COSMOS - ATOM/USDT should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 4.14 USDT. Short-term sellers will use the support located at 4.02 USDT as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 3.92 USDT. Crossing this support would then open the door for sellers to target 3.64 USDT. Caution, if there is a return to below 4.14 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2
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Additional analysis
Quotes
The COSMOS - ATOM/USDT rating is 4.09 USDT. On the day, this instrument lost -1.68% and was between 4.08 USDT and 4.19 USDT. This implies that the price is at +0.25% from its lowest and at -2.39% from its highest.4.08
4.19
4.09
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this COSMOS - ATOM/USDT chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.64 | 3.92 | 4.02 | 4.09 | 4.14 | 4.21 | 4.57 |
| Change (%) | -11.00% | -4.16% | -1.71% | - | +1.22% | +2.93% | +11.74% |
| Change | -0.45 | -0.17 | -0.07 | - | +0.05 | +0.12 | +0.48 |
| Level | Intermediate | Minor | Major | - | 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 | 3.84 | 3.93 | 4.04 | 4.13 | 4.24 | 4.33 | 4.44 |
| Camarilla | 4.11 | 4.12 | 4.14 | 4.16 | 4.18 | 4.20 | 4.22 |
| Woodie | 3.86 | 3.94 | 4.06 | 4.14 | 4.26 | 4.34 | 4.46 |
| Fibonacci | 3.93 | 4.00 | 4.05 | 4.13 | 4.20 | 4.25 | 4.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.39 | 3.01 | 3.33 | 3.95 | 4.27 | 4.89 | 5.21 |
| Camarilla | 3.40 | 3.49 | 3.57 | 3.66 | 3.75 | 3.83 | 3.92 |
| Woodie | 2.25 | 2.94 | 3.19 | 3.88 | 4.13 | 4.82 | 5.07 |
| Fibonacci | 3.01 | 3.37 | 3.59 | 3.95 | 4.31 | 4.53 | 4.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.01 | 3.05 | 3.80 | 4.84 | 5.59 | 6.63 | 7.38 |
| Camarilla | 4.07 | 4.23 | 4.40 | 4.56 | 4.72 | 4.89 | 5.05 |
| Woodie | 1.88 | 2.98 | 3.67 | 4.77 | 5.46 | 6.56 | 7.25 |
| Fibonacci | 3.05 | 3.73 | 4.15 | 4.84 | 5.52 | 5.94 | 6.63 |
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): | 41.89 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -2.18 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 4.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.18 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 4.06 | |
| Zig ZAG (10): | 4.09 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 3.58 | |
| TEMA (21): | 4.10 | |
| Williams %R (14): | -93.86 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.38 |
| MA7: | 3.95 | |
| MA20: | 4.34 | |
| MA50: | 4.85 | |
| MA100: | 5.81 | |
| MAexp7: | 4.10 | |
| MAexp20: | 4.12 | |
| MAexp50: | 4.10 | |
| MAexp100: | 4.05 | |
| Price / MA7: | +3.54% | |
| Price / MA20: | -5.76% | |
| Price / MA50: | -15.67% | |
| Price / MA100: | -29.60% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | +0.99% |
Quotes :
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Real time data
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Cryptocompare
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