COTI - COTI/USD - 1H - Technical analysis published on 04/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.076970 USD
My targets
0.081990 USD (+4.04%)
0.090913 USD (+15.36%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COTI - COTI/USD as long as the price remains well above 0.076970 USD. The buyers' bullish objective is set at 0.081990 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.090913 USD. If there is any crossing, the next objective would be the resistance located at 0.096983 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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Additional analysis
Quotes
The COTI - COTI/USD price is 0.078810 USD. The price is lower by -0.01% since the last closing and was traded between 0.078810 USD and 0.078820 USD over the period. The price is currently at 0% from its lowest and -0.01% from its highest.0.078810
0.078820
0.078810
Here is a more detailed summary of the historical variations registered by COTI - COTI/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of COTI - COTI/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.070742 | 0.074964 | 0.076970 | 0.078810 | 0.079007 | 0.081990 | 0.096983 |
| Change (%) | -10.24% | -4.88% | -2.33% | - | +0.25% | +4.04% | +23.06% |
| Change | -0.008068 | -0.003846 | -0.001840 | - | +0.000197 | +0.003180 | +0.018173 |
| Level | Intermediate | Major | Minor | - | Major | 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 | 0.075413 | 0.076367 | 0.077593 | 0.078547 | 0.079773 | 0.080727 | 0.081953 |
| Camarilla | 0.078221 | 0.078420 | 0.078620 | 0.078820 | 0.079020 | 0.079220 | 0.079420 |
| Woodie | 0.075550 | 0.076435 | 0.077730 | 0.078615 | 0.079910 | 0.080795 | 0.082090 |
| Fibonacci | 0.076367 | 0.077199 | 0.077714 | 0.078547 | 0.079379 | 0.079894 | 0.080727 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.059097 | 0.063753 | 0.072677 | 0.077333 | 0.086257 | 0.090913 | 0.099837 |
| Camarilla | 0.077866 | 0.079110 | 0.080355 | 0.081600 | 0.082845 | 0.084090 | 0.085335 |
| Woodie | 0.061230 | 0.064820 | 0.074810 | 0.078400 | 0.088390 | 0.091980 | 0.101970 |
| Fibonacci | 0.063753 | 0.068941 | 0.072146 | 0.077333 | 0.082521 | 0.085726 | 0.090913 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036383 | 0.049347 | 0.065273 | 0.078237 | 0.094163 | 0.107127 | 0.123053 |
| Camarilla | 0.073255 | 0.075904 | 0.078552 | 0.081200 | 0.083848 | 0.086497 | 0.089145 |
| Woodie | 0.037865 | 0.050088 | 0.066755 | 0.078978 | 0.095645 | 0.107868 | 0.124535 |
| Fibonacci | 0.049347 | 0.060383 | 0.067201 | 0.078237 | 0.089273 | 0.096091 | 0.107127 |
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): | 55.08 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -4.823129 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.078995 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.078525 | |
| Elder Ray (13): | 0.000099 | |
| Super Trend (3,10): | 0.079316 | |
| Zig ZAG (10): | 0.078900 | |
| VORTEX (21): | 1.1006 | |
| Stochastique (14,3,5): | 64.06 | |
| TEMA (21): | 0.079100 | |
| Williams %R (14): | -44.03 | |
| Chande Momentum Oscillator (20): | -0.000490 | |
| Repulse (5,40,3): | -0.3227 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0490 | |
| Courbe Coppock: | 1.37 |
| MA7: | 0.078827 | |
| MA20: | 0.075726 | |
| MA50: | 0.081562 | |
| MA100: | 0.078742 | |
| MAexp7: | 0.078881 | |
| MAexp20: | 0.078663 | |
| MAexp50: | 0.078345 | |
| MAexp100: | 0.077897 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +4.07% | |
| Price / MA50: | -3.37% | |
| Price / MA100: | +0.09% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.17% |
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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