COTI - COTI/USD - Daily - Technical analysis published on 07/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.133587 USD
My targets
0.100900 USD (-3.90%)
My analysis
In a bearish trend, the price of COTI - COTI/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.133587 USD. A bearish break in the support located at 0.100900 USD would revive the bearish momentum and fuel the basic trend. PS: if there is a bullish break in the resistance located at 0.133587 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
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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 COTI - COTI/USD price is 0.105000 USD. The price is lower by -0.29% since the last closing with the lowest point at 0.101200 USD and the highest point at 0.107400 USD. The deviation from the price is +3.75% for the low point and -2.23% for the high point.0.101200
0.107400
0.105000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of COTI - COTI/USD indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently 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 : adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.100900 | 0.105000 | 0.191700 | 0.255500 | 0.312633 |
| Change (%) | -3.90% | - | +82.57% | +143.33% | +197.75% |
| Change | -0.004100 | - | +0.086700 | +0.150500 | +0.207633 |
| Level | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.088433 | 0.096367 | 0.100833 | 0.108767 | 0.113233 | 0.121167 | 0.125633 |
| Camarilla | 0.101890 | 0.103027 | 0.104163 | 0.105300 | 0.106437 | 0.107573 | 0.108710 |
| Woodie | 0.086700 | 0.095500 | 0.099100 | 0.107900 | 0.111500 | 0.120300 | 0.123900 |
| Fibonacci | 0.096367 | 0.101104 | 0.104030 | 0.108767 | 0.113504 | 0.116430 | 0.121167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061033 | 0.070527 | 0.085813 | 0.095307 | 0.110593 | 0.120087 | 0.135373 |
| Camarilla | 0.094286 | 0.096557 | 0.098829 | 0.101100 | 0.103372 | 0.105643 | 0.107915 |
| Woodie | 0.063930 | 0.071975 | 0.088710 | 0.096755 | 0.113490 | 0.121535 | 0.138270 |
| Fibonacci | 0.070527 | 0.079993 | 0.085841 | 0.095307 | 0.104773 | 0.110621 | 0.120087 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001733 | 0.037853 | 0.065927 | 0.105513 | 0.133587 | 0.173173 | 0.201247 |
| Camarilla | 0.075394 | 0.081596 | 0.087798 | 0.094000 | 0.100202 | 0.106404 | 0.112607 |
| Woodie | -0.007490 | 0.034975 | 0.060170 | 0.102635 | 0.127830 | 0.170295 | 0.195490 |
| Fibonacci | 0.037853 | 0.063700 | 0.079667 | 0.105513 | 0.131360 | 0.147327 | 0.173173 |
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): | 56.18 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 12.192324 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.100308 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.089107 | |
| Elder Ray (13): | 0.003492 | |
| Super Trend (3,10): | 0.086167 | |
| Zig ZAG (10): | 0.105800 | |
| VORTEX (21): | 1.0922 | |
| Stochastique (14,3,5): | 77.93 | |
| TEMA (21): | 0.106258 | |
| Williams %R (14): | -30.53 | |
| Chande Momentum Oscillator (20): | 0.008900 | |
| Repulse (5,40,3): | 0.1635 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0592 | |
| Courbe Coppock: | 20.96 |
| MA7: | 0.104900 | |
| MA20: | 0.096381 | |
| MA50: | 0.100942 | |
| MA100: | 0.135344 | |
| MAexp7: | 0.103777 | |
| MAexp20: | 0.099338 | |
| MAexp50: | 0.106947 | |
| MAexp100: | 0.137541 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +8.94% | |
| Price / MA50: | +4.02% | |
| Price / MA100: | -22.42% | |
| Price / MAexp7: | +1.18% | |
| Price / MAexp20: | +5.70% | |
| Price / MAexp50: | -1.82% | |
| Price / MAexp100: | -23.66% |
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.
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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