IOTA - MIOTA/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MIOTAUSD
ISIN:

IOTA - MIOTA/USD - Weekly - Technical analysis published on 10/31/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 0.209121 USD

My targets

0.138937 USD (-12.54%)

0.124081 USD (-21.89%)

My analysis

IOTA - MIOTA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.209121 USD. The next support located at 0.138937 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.124081 USD. Below this support, sellers could then target 0.103845 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

6.1

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.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

IOTA - MIOTA/USD rating 0.158858 USD. The price is up +2.37% over 5 days and has been traded over the last 5 days between 0.147840 USD and 0.166080 USD. This implies that the 5 day price is +7.45% from its lowest point and -4.35% from its highest point.

0.147840

0.166080

0.158858

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by IOTA - MIOTA/USD:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of IOTA - MIOTA/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.158858	0.161718	0.902367	1.982420
Change (%)	-	+1.80%	+468.03%	+1,147.92%
Change	-	+0.002860	+0.743509	+1.823562
Level	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.150671	0.153804	0.159724	0.162857	0.168777	0.171910	0.177830
Camarilla	0.163153	0.163983	0.164813	0.165643	0.166473	0.167303	0.168133
Woodie	0.152064	0.154501	0.161117	0.163554	0.170170	0.172607	0.179223
Fibonacci	0.153804	0.157263	0.159399	0.162857	0.166316	0.168452	0.171910

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.132200	0.139254	0.148041	0.155095	0.163882	0.170936	0.179723
Camarilla	0.152471	0.153923	0.155375	0.156827	0.158279	0.159731	0.161183
Woodie	0.133066	0.139687	0.148907	0.155528	0.164748	0.171369	0.180589
Fibonacci	0.139254	0.145306	0.149044	0.155095	0.161147	0.164885	0.170936

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.103845	0.124081	0.138937	0.159173	0.174029	0.194265	0.209121
Camarilla	0.144142	0.147359	0.150575	0.153792	0.157009	0.160226	0.163442
Woodie	0.101154	0.122736	0.136246	0.157828	0.171338	0.192920	0.206430
Fibonacci	0.124081	0.137487	0.145768	0.159173	0.172579	0.180860	0.194265

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.16
MACD (12,26,9):	-0.0132
Directional Movement:	18.292645
AROON (14):	64.285715
DEMA (21):	0.147896
Parabolic SAR (0,02-0,02-0,2):	0.138036
Elder Ray (13):	-0.001337
Super Trend (3,10):	0.248283
Zig ZAG (10):	0.155205
VORTEX (21):	1.0219
Stochastique (14,3,5):	13.33
TEMA (21):	0.155725
Williams %R (14):	-86.53
Chande Momentum Oscillator (20):	-0.014658
Repulse (5,40,3):	-23.3315
ROCnROLL:	2
TRIX (15,9):	-1.0414
Courbe Coppock:	22.79

MA7:	0.157343
MA20:	0.152194
MA50:	0.153878
MA100:	0.159704
MAexp7:	0.156928
MAexp20:	0.166760
MAexp50:	0.220959
MAexp100:	0.341502
Price / MA7:	+0.96%
Price / MA20:	+4.38%
Price / MA50:	+3.24%
Price / MA100:	-0.53%
Price / MAexp7:	+1.23%
Price / MAexp20:	-4.74%
Price / MAexp50:	-28.11%
Price / MAexp100:	-53.48%

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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