IOTA - IOTA/USDT - 1H - Technical analysis published on 02/16/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 1.22 USDT
My targets
1.40 USDT (+12.00%)
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 1.22 USDT remains possible. It is advisable to trade IOTA - MIOTA/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.22 USDT. The next bullish objective for buyers is set at 1.40 USDT. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 1.22 USDT 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 opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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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
The IOTA - MIOTA/USDT rating is 1.25 USDT. The price registered a decrease of -1.58% on the session with the lowest point at 1.25 USDT and the highest point at 1.38 USDT. The deviation from the price is 0% for the low point and -9.42% for the high point.1.25
1.38
1.25
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of IOTA - MIOTA/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.71 | 0.97 | 1.22 | 1.25 | 1.40 |
| Change (%) | -43.20% | -22.40% | -2.40% | - | +12.00% |
| Change | -0.54 | -0.28 | -0.03 | - | +0.15 |
| Level | Minor | Intermediate | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.63 | 0.80 | 1.03 | 1.21 | 1.44 | 1.61 | 1.84 |
| Camarilla | 1.16 | 1.19 | 1.23 | 1.27 | 1.30 | 1.34 | 1.38 |
| Woodie | 0.66 | 0.82 | 1.07 | 1.22 | 1.47 | 1.62 | 1.87 |
| Fibonacci | 0.80 | 0.96 | 1.05 | 1.21 | 1.36 | 1.45 | 1.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.11 | 0.21 | 0.76 | 1.08 | 1.63 | 1.95 | 2.49 |
| Camarilla | 1.07 | 1.15 | 1.22 | 1.30 | 1.38 | 1.46 | 1.54 |
| Woodie | 0.00 | 0.27 | 0.87 | 1.13 | 1.74 | 2.00 | 2.61 |
| Fibonacci | 0.21 | 0.54 | 0.75 | 1.08 | 1.41 | 1.61 | 1.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06 | 0.17 | 0.29 | 0.40 | 0.52 | 0.63 | 0.75 |
| Camarilla | 0.34 | 0.37 | 0.39 | 0.41 | 0.43 | 0.45 | 0.47 |
| Woodie | 0.06 | 0.17 | 0.29 | 0.40 | 0.52 | 0.63 | 0.75 |
| Fibonacci | 0.17 | 0.26 | 0.31 | 0.40 | 0.49 | 0.54 | 0.63 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.58 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 3.58 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.36 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.20 | |
| Zig ZAG (10): | 1.29 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 20.57 | |
| TEMA (21): | 1.32 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 2.12 |
| MA7: | 1.19 | |
| MA20: | 0.74 | |
| MA50: | 0.53 | |
| MA100: | 0.42 | |
| MAexp7: | 1.29 | |
| MAexp20: | 1.29 | |
| MAexp50: | 1.26 | |
| MAexp100: | 1.20 | |
| Price / MA7: | +5.04% | |
| Price / MA20: | +68.92% | |
| Price / MA50: | +135.85% | |
| Price / MA100: | +197.62% | |
| Price / MAexp7: | -3.10% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | +4.17% |
Quotes :
2021-02-16 16:52:35
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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