IOTEX (X100) - IOTX/BTC - Weekly - Technical analysis published on 02/03/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.000158 BTC
My targets
0.000224 BTC (+14.29%)
0.000252 BTC (+28.57%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.000158 BTC remains possible. It is advisable to trade IOTEX NETWORK (X100) - IOTX/BTC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.000158 BTC. The next bullish objective for buyers is set at 0.000224 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.000252 BTC. If there is any crossing, the next objective would be the resistance located at 0.000291 BTC. PS: if there is a bearish break in the support located at 0.000158 BTC we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by sprangs. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTEX NETWORK (X100) - IOTX/BTC rating 0.000196 BTC. The price is lower by -3.45% over the 5 days and has been traded over the last 5 days between 0.000189 BTC and 0.000213 BTC. This implies that the 5 day price is +3.70% from its lowest point and -7.98% from its highest point.0.000189
0.000213
0.000196
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IOTEX NETWORK (X100) - IOTX/BTC:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IOTEX NETWORK (X100) - IOTX/BTC in Weekly shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.000068 | 0.000114 | 0.000196 | 0.000224 | 0.000252 | 0.000291 |
| Change (%) | -65.31% | -41.84% | - | +14.29% | +28.57% | +48.47% |
| Change | -0.000128 | -0.000082 | - | +0.000028 | +0.000056 | +0.000095 |
| Level | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000184 | 0.000189 | 0.000193 | 0.000198 | 0.000202 | 0.000207 | 0.000211 |
| Camarilla | 0.000194 | 0.000194 | 0.000195 | 0.000196 | 0.000197 | 0.000198 | 0.000199 |
| Woodie | 0.000183 | 0.000189 | 0.000192 | 0.000198 | 0.000201 | 0.000207 | 0.000210 |
| Fibonacci | 0.000189 | 0.000193 | 0.000195 | 0.000198 | 0.000202 | 0.000204 | 0.000207 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000169 | 0.000178 | 0.000193 | 0.000202 | 0.000217 | 0.000226 | 0.000241 |
| Camarilla | 0.000200 | 0.000203 | 0.000205 | 0.000207 | 0.000209 | 0.000211 | 0.000214 |
| Woodie | 0.000171 | 0.000180 | 0.000195 | 0.000204 | 0.000219 | 0.000228 | 0.000243 |
| Fibonacci | 0.000178 | 0.000188 | 0.000193 | 0.000202 | 0.000212 | 0.000217 | 0.000226 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000063 | 0.000126 | 0.000158 | 0.000221 | 0.000253 | 0.000316 | 0.000348 |
| Camarilla | 0.000165 | 0.000174 | 0.000182 | 0.000191 | 0.000200 | 0.000208 | 0.000217 |
| Woodie | 0.000049 | 0.000118 | 0.000144 | 0.000213 | 0.000239 | 0.000308 | 0.000334 |
| Fibonacci | 0.000126 | 0.000162 | 0.000184 | 0.000221 | 0.000257 | 0.000279 | 0.000316 |
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): | 50.11 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 13.227843 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.000251 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000391 | |
| Elder Ray (13): | -0.000022 | |
| Super Trend (3,10): | 0.000118 | |
| Zig ZAG (10): | 0.000196 | |
| VORTEX (21): | 1.0468 | |
| Stochastique (14,3,5): | 33.70 | |
| TEMA (21): | 0.000250 | |
| Williams %R (14): | -71.23 | |
| Chande Momentum Oscillator (20): | -0.000157 | |
| Repulse (5,40,3): | -21.0117 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 3.7362 | |
| Courbe Coppock: | 132.69 |
| MA7: | 0.000199 | |
| MA20: | 0.000219 | |
| MA50: | 0.000240 | |
| MA100: | 0.000244 | |
| MAexp7: | 0.000224 | |
| MAexp20: | 0.000210 | |
| MAexp50: | 0.000158 | |
| MAexp100: | 0.000135 | |
| Price / MA7: | -1.51% | |
| Price / MA20: | -10.50% | |
| Price / MA50: | -18.33% | |
| Price / MA100: | -19.67% | |
| Price / MAexp7: | -12.50% | |
| Price / MAexp20: | -6.67% | |
| Price / MAexp50: | +24.05% | |
| Price / MAexp100: | +45.19% |
Quotes :
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Real time data
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Cryptocompare
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