IOTA - MIOTA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MIOTAUSDT
ISIN:

IOTA - MIOTA/USDT - Daily - Technical analysis published on 09/07/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 0.126868 USDT

My targets

0.101241 USDT (-14.93%)

0.078182 USDT (-34.31%)

My analysis

The bearish trend is currently very strong for IOTA - MIOTA/USDT. As long as the price remains below the resistance at 0.126868 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.101241 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.078182 USDT as an objective. Crossing it would then enable sellers to target 0.052555 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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 Mayvenate. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The IOTA - MIOTA/USDT rating is 0.119012 USDT. The price has increased by +1.46% since the last closing and was traded between 0.116613 USDT and 0.119889 USDT over the period. The price is currently at +2.06% from its lowest and -0.73% from its highest.

0.116613

0.119889

0.119012

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of IOTA - MIOTA/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.119012	0.146502	0.237307	0.366994
Change (%)	-	+23.10%	+99.40%	+208.37%
Change	-	+0.027490	+0.118295	+0.247982
Level	-	Major	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	0.103048	0.108177	0.112738	0.117867	0.122428	0.127557	0.132118
Camarilla	0.114635	0.115524	0.116412	0.117300	0.118188	0.119077	0.119965
Woodie	0.102765	0.108035	0.112455	0.117725	0.122145	0.127415	0.131835
Fibonacci	0.108177	0.111878	0.114165	0.117867	0.121568	0.123855	0.127557

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.085738	0.102657	0.113478	0.130397	0.141218	0.158137	0.168958
Camarilla	0.116672	0.119214	0.121757	0.124300	0.126843	0.129386	0.131929
Woodie	0.082690	0.101133	0.110430	0.128873	0.138170	0.156613	0.165910
Fibonacci	0.102657	0.113253	0.119800	0.130397	0.140993	0.147540	0.158137

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.052555	0.078182	0.101241	0.126868	0.149927	0.175554	0.198613
Camarilla	0.110911	0.115374	0.119837	0.124300	0.128763	0.133226	0.137689
Woodie	0.051271	0.077540	0.099957	0.126226	0.148643	0.174912	0.197329
Fibonacci	0.078182	0.096780	0.108270	0.126868	0.145466	0.156956	0.175554

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):	38.28
MACD (12,26,9):	-0.0055
Directional Movement:	-18.931457
AROON (14):	-92.857143
DEMA (21):	0.120211
Parabolic SAR (0,02-0,02-0,2):	0.131529
Elder Ray (13):	-0.006292
Super Trend (3,10):	0.140515
Zig ZAG (10):	0.119200
VORTEX (21):	0.9310
Stochastique (14,3,5):	14.08
TEMA (21):	0.119887
Williams %R (14):	-82.93
Chande Momentum Oscillator (20):	-0.017236
Repulse (5,40,3):	-1.1994
ROCnROLL:	2
TRIX (15,9):	-0.4851
Courbe Coppock:	23.98

MA7:	0.121663
MA20:	0.129778
MA50:	0.139217
MA100:	0.160306
MAexp7:	0.121607
MAexp20:	0.127321
MAexp50:	0.139184
MAexp100:	0.160684
Price / MA7:	-2.18%
Price / MA20:	-8.30%
Price / MA50:	-14.51%
Price / MA100:	-25.76%
Price / MAexp7:	-2.13%
Price / MAexp20:	-6.53%
Price / MAexp50:	-14.49%
Price / MAexp100:	-25.93%

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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