IOTA - IOTA/USD - 1H - Technical analysis published on 03/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.351523 USD
My targets
0.329419 USD (-3.02%)
0.317305 USD (-6.59%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on IOTA - MIOTA/USD as long as the price remains well below 0.351523 USD. The next bearish objective for sellers is set at 0.329419 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.317305 USD. If there is any crossing, the next objective would be the support located at 0.284800 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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Additional analysis
Quotes
The IOTA - MIOTA/USD price is 0.339681 USD. The price is lower by -0.30% since the last closing and was between 0.337000 USD and 0.362320 USD. This implies that the price is at +0.80% from its lowest and at -6.25% from its highest.0.337000
0.362320
0.339681
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of IOTA - MIOTA/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
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 resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.270604 | 0.284800 | 0.329419 | 0.339681 | 0.351523 | 0.383350 | 1.035415 |
| Change (%) | -20.34% | -16.16% | -3.02% | - | +3.49% | +12.86% | +204.82% |
| Change | -0.069077 | -0.054881 | -0.010262 | - | +0.011842 | +0.043669 | +0.695734 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | 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 | 0.320201 | 0.325341 | 0.333015 | 0.338155 | 0.345829 | 0.350969 | 0.358643 |
| Camarilla | 0.337166 | 0.338341 | 0.339515 | 0.340690 | 0.341865 | 0.343039 | 0.344214 |
| Woodie | 0.321469 | 0.325975 | 0.334283 | 0.338789 | 0.347097 | 0.351603 | 0.359911 |
| Fibonacci | 0.325341 | 0.330236 | 0.333260 | 0.338155 | 0.343050 | 0.346074 | 0.350969 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.095787 | 0.161831 | 0.251261 | 0.317305 | 0.406735 | 0.472779 | 0.562209 |
| Camarilla | 0.297935 | 0.312186 | 0.326438 | 0.340690 | 0.354942 | 0.369194 | 0.383445 |
| Woodie | 0.107479 | 0.167678 | 0.262953 | 0.323152 | 0.418427 | 0.478626 | 0.573901 |
| Fibonacci | 0.161831 | 0.221222 | 0.257914 | 0.317305 | 0.376696 | 0.413388 | 0.472779 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144787 | 0.183515 | 0.236633 | 0.275361 | 0.328479 | 0.367207 | 0.420325 |
| Camarilla | 0.264492 | 0.272912 | 0.281331 | 0.289750 | 0.298169 | 0.306588 | 0.315008 |
| Woodie | 0.151981 | 0.187113 | 0.243827 | 0.278959 | 0.335673 | 0.370805 | 0.427519 |
| Fibonacci | 0.183515 | 0.218601 | 0.240276 | 0.275361 | 0.310447 | 0.332122 | 0.367207 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.59 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | -3.035349 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.348319 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.359735 | |
| Elder Ray (13): | -0.005633 | |
| Super Trend (3,10): | 0.336051 | |
| Zig ZAG (10): | 0.339969 | |
| VORTEX (21): | 1.0076 | |
| Stochastique (14,3,5): | 19.24 | |
| TEMA (21): | 0.347802 | |
| Williams %R (14): | -88.27 | |
| Chande Momentum Oscillator (20): | 0.003090 | |
| Repulse (5,40,3): | -1.3150 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1182 | |
| Courbe Coppock: | 3.76 |
| MA7: | 0.340402 | |
| MA20: | 0.306920 | |
| MA50: | 0.272197 | |
| MA100: | 0.274168 | |
| MAexp7: | 0.346239 | |
| MAexp20: | 0.345991 | |
| MAexp50: | 0.342687 | |
| MAexp100: | 0.339916 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +10.67% | |
| Price / MA50: | +24.79% | |
| Price / MA100: | +23.90% | |
| Price / MAexp7: | -1.89% | |
| Price / MAexp20: | -1.82% | |
| Price / MAexp50: | -0.88% | |
| Price / MAexp100: | -0.07% |
Quotes :
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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.
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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