IOTEX - IOTX/USDT - Daily - Technical analysis published on 04/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.092280 USDT
My targets
0.111600 USDT (+11.91%)
0.119060 USDT (+19.39%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on IOTEX NETWORK - IOTX/USDT as long as the price remains well above 0.092280 USDT. The buyers' bullish objective is set at 0.111600 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.119060 USDT. If there is any crossing, the next objective would be the resistance located at 0.147300 USDT.
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
5.4
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IOTEX NETWORK - IOTX/USDT rating is 0.099720 USDT. On the day, this instrument gained +2.97% and was traded between 0.092820 USDT and 0.102900 USDT over the period. The price is currently at +7.43% from its lowest and -3.09% from its highest.0.092820
0.102900
0.099720
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of IOTEX NETWORK - IOTX/USDT in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.033640 | 0.058260 | 0.079090 | 0.099720 | 0.111600 | 0.147300 | 0.173100 |
| Change (%) | -66.27% | -41.58% | -20.69% | - | +11.91% | +47.71% | +73.59% |
| Change | -0.066080 | -0.041460 | -0.020630 | - | +0.011880 | +0.047580 | +0.073380 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
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 | 0.067077 | 0.080093 | 0.088467 | 0.101483 | 0.109857 | 0.122873 | 0.131247 |
| Camarilla | 0.090958 | 0.092919 | 0.094879 | 0.096840 | 0.098801 | 0.100762 | 0.102722 |
| Woodie | 0.064755 | 0.078933 | 0.086145 | 0.100323 | 0.107535 | 0.121713 | 0.128925 |
| Fibonacci | 0.080093 | 0.088264 | 0.093312 | 0.101483 | 0.109654 | 0.114702 | 0.122873 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.044280 | 0.058150 | 0.074660 | 0.088530 | 0.105040 | 0.118910 | 0.135420 |
| Camarilla | 0.082816 | 0.085600 | 0.088385 | 0.091170 | 0.093955 | 0.096740 | 0.099525 |
| Woodie | 0.045600 | 0.058810 | 0.075980 | 0.089190 | 0.106360 | 0.119570 | 0.136740 |
| Fibonacci | 0.058150 | 0.069755 | 0.076925 | 0.088530 | 0.100135 | 0.107305 | 0.118910 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021060 | 0.043280 | 0.070060 | 0.092280 | 0.119060 | 0.141280 | 0.168060 |
| Camarilla | 0.083365 | 0.087857 | 0.092348 | 0.096840 | 0.101332 | 0.105823 | 0.110315 |
| Woodie | 0.023340 | 0.044420 | 0.072340 | 0.093420 | 0.121340 | 0.142420 | 0.170340 |
| Fibonacci | 0.043280 | 0.061998 | 0.073562 | 0.092280 | 0.110998 | 0.122562 | 0.141280 |
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): | 65.95 | |
| MACD (12,26,9): | 0.0052 | |
| Directional Movement: | 26.741935 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.093358 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.089860 | |
| Elder Ray (13): | 0.007385 | |
| Super Trend (3,10): | 0.076547 | |
| Zig ZAG (10): | 0.099590 | |
| VORTEX (21): | 1.1496 | |
| Stochastique (14,3,5): | 64.41 | |
| TEMA (21): | 0.098374 | |
| Williams %R (14): | -35.26 | |
| Chande Momentum Oscillator (20): | 0.024410 | |
| Repulse (5,40,3): | -1.8068 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7067 | |
| Courbe Coppock: | 51.91 |
| MA7: | 0.093543 | |
| MA20: | 0.085054 | |
| MA50: | 0.081138 | |
| MA100: | 0.091272 | |
| MAexp7: | 0.094054 | |
| MAexp20: | 0.087421 | |
| MAexp50: | 0.084969 | |
| MAexp100: | 0.089506 | |
| Price / MA7: | +6.60% | |
| Price / MA20: | +17.24% | |
| Price / MA50: | +22.90% | |
| Price / MA100: | +9.26% | |
| Price / MAexp7: | +6.02% | |
| Price / MAexp20: | +14.07% | |
| Price / MAexp50: | +17.36% | |
| Price / MAexp100: | +11.41% |
Quotes :
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Real time data
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Cryptocompare
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