IOTEX - IOTX/USDT - Daily - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.004159 USDT
My targets
0.003715 USDT (-5.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IOTEX NETWORK - IOTX/USDT as long as the price remains well below 0.004159 USDT. The sellers” bearish objective is set at 0.003715 USDT. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTEX NETWORK - IOTX/USDT rating 0.003929 USDT. The price registered an increase of +3.29% on the session with the lowest point at 0.003633 USDT and the highest point at 0.004347 USDT. The deviation from the price is +8.15% for the low point and -9.62% for the high point.0.003633
0.004347
0.003929
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IOTEX NETWORK - IOTX/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of IOTEX NETWORK - IOTX/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.003715 | 0.003929 | 0.004654 | 0.006314 | 0.009742 |
| Change (%) | -5.45% | - | +18.45% | +60.70% | +147.95% |
| Change | -0.000214 | - | +0.000725 | +0.002385 | +0.005813 |
| Level | Major | - | Intermediate | Minor | 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 | 0.003321 | 0.003536 | 0.003670 | 0.003885 | 0.004019 | 0.004234 | 0.004368 |
| Camarilla | 0.003708 | 0.003740 | 0.003772 | 0.003804 | 0.003836 | 0.003868 | 0.003900 |
| Woodie | 0.003281 | 0.003516 | 0.003630 | 0.003865 | 0.003979 | 0.004214 | 0.004328 |
| Fibonacci | 0.003536 | 0.003669 | 0.003752 | 0.003885 | 0.004018 | 0.004101 | 0.004234 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002325 | 0.002875 | 0.003609 | 0.004159 | 0.004893 | 0.005443 | 0.006177 |
| Camarilla | 0.003989 | 0.004107 | 0.004224 | 0.004342 | 0.004460 | 0.004577 | 0.004695 |
| Woodie | 0.002416 | 0.002921 | 0.003700 | 0.004205 | 0.004984 | 0.005489 | 0.006268 |
| Fibonacci | 0.002875 | 0.003366 | 0.003669 | 0.004159 | 0.004650 | 0.004953 | 0.005443 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000117 | 0.001771 | 0.003057 | 0.004711 | 0.005997 | 0.007651 | 0.008937 |
| Camarilla | 0.003534 | 0.003803 | 0.004073 | 0.004342 | 0.004612 | 0.004881 | 0.005151 |
| Woodie | -0.000068 | 0.001679 | 0.002872 | 0.004619 | 0.005812 | 0.007559 | 0.008752 |
| Fibonacci | 0.001771 | 0.002894 | 0.003588 | 0.004711 | 0.005834 | 0.006528 | 0.007651 |
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): | 41.89 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -2.688406 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.004010 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003595 | |
| Elder Ray (13): | -0.000110 | |
| Super Trend (3,10): | 0.003544 | |
| Zig ZAG (10): | 0.003831 | |
| VORTEX (21): | 0.8793 | |
| Stochastique (14,3,5): | 34.09 | |
| TEMA (21): | 0.003937 | |
| Williams %R (14): | -68.46 | |
| Chande Momentum Oscillator (20): | -0.000333 | |
| Repulse (5,40,3): | -9.7769 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3438 | |
| Courbe Coppock: | 9.61 |
| MA7: | 0.004118 | |
| MA20: | 0.004190 | |
| MA50: | 0.004320 | |
| MA100: | 0.004416 | |
| MAexp7: | 0.004007 | |
| MAexp20: | 0.004174 | |
| MAexp50: | 0.004358 | |
| MAexp100: | 0.004794 | |
| Price / MA7: | -4.59% | |
| Price / MA20: | -6.23% | |
| Price / MA50: | -9.05% | |
| Price / MA100: | -11.03% | |
| Price / MAexp7: | -1.95% | |
| Price / MAexp20: | -5.87% | |
| Price / MAexp50: | -9.84% | |
| Price / MAexp100: | -18.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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