COIN98 - C98/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	C98USD
ISIN:

COIN98 - C98/USD - Daily - Technical analysis published on 08/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 0.153567 USD

My targets

0.122467 USD (-9.69%)

0.111333 USD (-17.90%)

My analysis

The bearish trend is currently very strong for COIN98 - C98/USD. As long as the price remains below the resistance at 0.153567 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.122467 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.111333 USD as an objective. Crossing it would then enable sellers to target 0.091367 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The COIN98 - C98/USD rating is 0.135600 USD. On the day, this instrument lost -0.07% and was traded between 0.133900 USD and 0.138300 USD over the period. The price is currently at +1.27% from its lowest and -1.95% from its highest.

0.133900

0.138300

0.135600

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of COIN98 - C98/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.133700	0.135600	0.186867	0.241150	0.302300
Change (%)	-1.40%	-	+37.81%	+77.84%	+122.94%
Change	-0.001900	-	+0.051267	+0.105550	+0.166700
Level	Minor	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.116500	0.121500	0.128600	0.133600	0.140700	0.145700	0.152800
Camarilla	0.132373	0.133482	0.134591	0.135700	0.136809	0.137918	0.139028
Woodie	0.117550	0.122025	0.129650	0.134125	0.141750	0.146225	0.153850
Fibonacci	0.121500	0.126122	0.128978	0.133600	0.138222	0.141078	0.145700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.105333	0.115767	0.121533	0.131967	0.137733	0.148167	0.153933
Camarilla	0.122845	0.124330	0.125815	0.127300	0.128785	0.130270	0.131755
Woodie	0.103000	0.114600	0.119200	0.130800	0.135400	0.147000	0.151600
Fibonacci	0.115767	0.121955	0.125778	0.131967	0.138155	0.141978	0.148167

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.091367	0.111333	0.122467	0.142433	0.153567	0.173533	0.184667
Camarilla	0.125048	0.127898	0.130749	0.133600	0.136451	0.139302	0.142153
Woodie	0.086950	0.109125	0.118050	0.140225	0.149150	0.171325	0.180250
Fibonacci	0.111333	0.123214	0.130553	0.142433	0.154314	0.161653	0.173533

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):	45.34
MACD (12,26,9):	-0.0041
Directional Movement:	5.033024
AROON (14):	-78.571429
DEMA (21):	0.132944
Parabolic SAR (0,02-0,02-0,2):	0.159661
Elder Ray (13):	0.000591
Super Trend (3,10):	0.151403
Zig ZAG (10):	0.134700
VORTEX (21):	0.8779
Stochastique (14,3,5):	28.79
TEMA (21):	0.130551
Williams %R (14):	-64.54
Chande Momentum Oscillator (20):	0.000100
Repulse (5,40,3):	2.7094
ROCnROLL:	2
TRIX (15,9):	-0.3071
Courbe Coppock:	24.64

MA7:	0.131171
MA20:	0.141385
MA50:	0.142950
MA100:	0.152688
MAexp7:	0.133420
MAexp20:	0.137757
MAexp50:	0.144173
MAexp100:	0.157675
Price / MA7:	+3.38%
Price / MA20:	-4.09%
Price / MA50:	-5.14%
Price / MA100:	-11.19%
Price / MAexp7:	+1.63%
Price / MAexp20:	-1.57%
Price / MAexp50:	-5.95%
Price / MAexp100:	-14.00%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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