COTI - COTI/USDT - Weekly - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.048737 USDT
My targets
0.038110 USDT (-18.41%)
My analysis
The basic trend is very bearish on COTI - COTI/USDT but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on COTI - COTI/USDT. As long as you stay below the resistance 0.048737 USDT, sellers' retain the upper hand. A break in the support at 0.038110 USDT would be a signal that the basic trend will reverse. If the price were to depress the resistance 0.048737 USDT in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COTI - COTI/USDT price is 0.046707 USDT. Over 5 days, this instrument gained +8.38% and has been traded over the last 5 days between 0.041964 USDT and 0.047374 USDT. This implies that the 5 day price is +11.30% from its lowest point and -1.41% from its highest point.0.041964
0.047374
0.046707
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Weekly of this COTI - COTI/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.038110 | 0.046707 | 0.123600 | 0.311900 | 0.510900 |
| Change (%) | -18.41% | - | +164.63% | +567.78% | +993.84% |
| Change | -0.008597 | - | +0.076893 | +0.265193 | +0.464193 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.044154 | 0.044768 | 0.045763 | 0.046377 | 0.047372 | 0.047986 | 0.048981 |
| Camarilla | 0.046316 | 0.046463 | 0.046611 | 0.046758 | 0.046906 | 0.047053 | 0.047201 |
| Woodie | 0.044345 | 0.044863 | 0.045954 | 0.046472 | 0.047563 | 0.048081 | 0.049172 |
| Fibonacci | 0.044768 | 0.045383 | 0.045762 | 0.046377 | 0.046992 | 0.047371 | 0.047986 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032862 | 0.035266 | 0.039798 | 0.042202 | 0.046734 | 0.049138 | 0.053670 |
| Camarilla | 0.042422 | 0.043057 | 0.043693 | 0.044329 | 0.044965 | 0.045601 | 0.046236 |
| Woodie | 0.033925 | 0.035798 | 0.040861 | 0.042734 | 0.047797 | 0.049670 | 0.054733 |
| Fibonacci | 0.035266 | 0.037916 | 0.039553 | 0.042202 | 0.044852 | 0.046489 | 0.049138 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033497 | 0.036548 | 0.038577 | 0.041628 | 0.043657 | 0.046708 | 0.048737 |
| Camarilla | 0.039208 | 0.039674 | 0.040139 | 0.040605 | 0.041071 | 0.041536 | 0.042002 |
| Woodie | 0.032985 | 0.036293 | 0.038065 | 0.041373 | 0.043145 | 0.046453 | 0.048225 |
| Fibonacci | 0.036548 | 0.038489 | 0.039688 | 0.041628 | 0.043569 | 0.044768 | 0.046708 |
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): | 46.09 | |
| MACD (12,26,9): | -0.0067 | |
| Directional Movement: | 2.941120 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.037574 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.057125 | |
| Elder Ray (13): | 0.000946 | |
| Super Trend (3,10): | 0.061171 | |
| Zig ZAG (10): | 0.046816 | |
| VORTEX (21): | 1.0167 | |
| Stochastique (14,3,5): | 33.52 | |
| TEMA (21): | 0.040647 | |
| Williams %R (14): | -49.82 | |
| Chande Momentum Oscillator (20): | -0.003087 | |
| Repulse (5,40,3): | 17.0658 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.9842 | |
| Courbe Coppock: | 22.68 |
| MA7: | 0.044770 | |
| MA20: | 0.040884 | |
| MA50: | 0.041213 | |
| MA100: | 0.042244 | |
| MAexp7: | 0.043363 | |
| MAexp20: | 0.047508 | |
| MAexp50: | 0.068819 | |
| MAexp100: | 0.099563 | |
| Price / MA7: | +4.33% | |
| Price / MA20: | +14.24% | |
| Price / MA50: | +13.33% | |
| Price / MA100: | +10.56% | |
| Price / MAexp7: | +7.71% | |
| Price / MAexp20: | -1.69% | |
| Price / MAexp50: | -32.13% | |
| Price / MAexp100: | -53.09% |
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.
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