IOTA - IOTA/USD - 1H - Technical analysis published on 02/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.269782 USD
My targets
0.280989 USD (+2.80%)
0.293668 USD (+7.44%)
My analysis
A bullish trend on IOTA - MIOTA/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.269782 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.280989 USD. Then the price could move towards 0.293668 USD. Then 0.329419 USD by extension. Be careful, a return below 0.269782 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTA - MIOTA/USD rating 0.273324 USD. The price registered a decrease of -0.01% on the session and was between 0.267370 USD and 0.274856 USD. This implies that the price is at +2.23% from its lowest and at -0.56% from its highest.0.267370
0.274856
0.273324
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
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 IOTA - MIOTA/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.257500 | 0.263474 | 0.269782 | 0.273324 | 0.280989 | 0.293668 | 0.329419 |
| Change (%) | -5.79% | -3.60% | -1.30% | - | +2.80% | +7.44% | +20.52% |
| Change | -0.015824 | -0.009850 | -0.003542 | - | +0.007665 | +0.020344 | +0.056095 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 0.249731 | 0.255190 | 0.264271 | 0.269730 | 0.278811 | 0.284270 | 0.293351 |
| Camarilla | 0.269353 | 0.270685 | 0.272018 | 0.273351 | 0.274684 | 0.276017 | 0.277350 |
| Woodie | 0.251541 | 0.256096 | 0.266081 | 0.270636 | 0.280621 | 0.285176 | 0.295161 |
| Fibonacci | 0.255190 | 0.260745 | 0.264176 | 0.269730 | 0.275285 | 0.278716 | 0.284270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220254 | 0.238877 | 0.256114 | 0.274737 | 0.291974 | 0.310597 | 0.327834 |
| Camarilla | 0.263490 | 0.266777 | 0.270064 | 0.273351 | 0.276638 | 0.279925 | 0.283213 |
| Woodie | 0.219561 | 0.238531 | 0.255421 | 0.274391 | 0.291281 | 0.310251 | 0.327141 |
| Fibonacci | 0.238877 | 0.252576 | 0.261039 | 0.274737 | 0.288436 | 0.296899 | 0.310597 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.109365 | 0.152915 | 0.195701 | 0.239251 | 0.282037 | 0.325587 | 0.368373 |
| Camarilla | 0.214745 | 0.222659 | 0.230573 | 0.238487 | 0.246401 | 0.254315 | 0.262229 |
| Woodie | 0.108983 | 0.152724 | 0.195319 | 0.239060 | 0.281655 | 0.325396 | 0.367991 |
| Fibonacci | 0.152915 | 0.185895 | 0.206271 | 0.239251 | 0.272231 | 0.292607 | 0.325587 |
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): | 59.15 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 6.753303 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.271746 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.269202 | |
| Elder Ray (13): | 0.002474 | |
| Super Trend (3,10): | 0.275426 | |
| Zig ZAG (10): | 0.273252 | |
| VORTEX (21): | 0.9979 | |
| Stochastique (14,3,5): | 81.17 | |
| TEMA (21): | 0.272151 | |
| Williams %R (14): | -8.44 | |
| Chande Momentum Oscillator (20): | 0.004901 | |
| Repulse (5,40,3): | 0.0193 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 0.93 |
| MA7: | 0.274587 | |
| MA20: | 0.264570 | |
| MA50: | 0.250231 | |
| MA100: | 0.256042 | |
| MAexp7: | 0.272116 | |
| MAexp20: | 0.270937 | |
| MAexp50: | 0.270545 | |
| MAexp100: | 0.271186 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +3.31% | |
| Price / MA50: | +9.23% | |
| Price / MA100: | +6.75% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +0.79% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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