IOTEX NETWORK - IOTX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Volume:	-

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Type:	Cryptocurrencies
Ticker:	IOTXUSDT
ISIN:

IOTEX NETWORK - IOTX/USDT - Weekly - Technical analysis published on 11/12/2021 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.112850 USDT

My targets

My analysis

The bullish trend is currently very strong on IOTEX NETWORK - IOTX/USDT. As long as the price remains above the support at 0.112850 USDT, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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.

This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The IOTEX NETWORK - IOTX/USDT rating is 0.165800 USDT. The price registered an increase of +53.52% over 5 days and was traded between 0.097990 USDT and 0.248300 USDT over the period. The price is currently at +69.20% from its lowest point and -33.23% from its highest point.

0.097990

0.248300

0.165800

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 IOTEX NETWORK - IOTX/USDT:

Technical

A technical analysis in Weekly of this IOTEX NETWORK - IOTX/USDT chart shows a strongly bullish trend. 92.86% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.049550	0.079090	0.111600	0.165800
Change (%)	-70.11%	-52.30%	-32.69%	-
Change	-0.116250	-0.086710	-0.054200	-
Level	Minor	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.074967	0.126033	0.154467	0.205533	0.233967	0.285033	0.313467
Camarilla	0.161038	0.168325	0.175613	0.182900	0.190188	0.197475	0.204763
Woodie	0.063650	0.120375	0.143150	0.199875	0.222650	0.279375	0.302150
Fibonacci	0.126033	0.156402	0.175164	0.205533	0.235902	0.254664	0.285033

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.065183	0.000453	0.054227	0.119863	0.173637	0.239273	0.293047
Camarilla	0.075162	0.086108	0.097054	0.108000	0.118946	0.129892	0.140838
Woodie	-0.071115	-0.002513	0.048295	0.116898	0.167705	0.236308	0.287115
Fibonacci	0.000453	0.046068	0.074249	0.119863	0.165478	0.193659	0.239273

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.030320	0.043680	0.057830	0.071190	0.085340	0.098700	0.112850
Camarilla	0.064415	0.066937	0.069458	0.071980	0.074502	0.077024	0.079545
Woodie	0.030715	0.043878	0.058225	0.071388	0.085735	0.098898	0.113245
Fibonacci	0.043680	0.054189	0.060681	0.071190	0.081699	0.088191	0.098700

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):	80.46
MACD (12,26,9):	0.0196
Directional Movement:	43.659196
AROON (14):	100.000000
DEMA (21):	0.094288
Parabolic SAR (0,02-0,02-0,2):	0.048156
Elder Ray (13):	0.094983
Super Trend (3,10):	0.051223
Zig ZAG (10):	0.161400
VORTEX (21):	1.1178
Stochastique (14,3,5):	49.60
TEMA (21):	0.105467
Williams %R (14):	-41.02
Chande Momentum Oscillator (20):	0.080880
Repulse (5,40,3):	10.1222
ROCnROLL:	1
TRIX (15,9):	4.3987
Courbe Coppock:	475.14

MA7:	0.143243
MA20:	0.102177
MA50:	0.080532
MA100:	0.074517
MAexp7:	0.098391
MAexp20:	0.071312
MAexp50:	0.048254
MAexp100:	0.033802
Price / MA7:	+15.75%
Price / MA20:	+62.27%
Price / MA50:	+105.88%
Price / MA100:	+122.50%
Price / MAexp7:	+68.51%
Price / MAexp20:	+132.50%
Price / MAexp50:	+243.60%
Price / MAexp100:	+390.50%

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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