IOTA - MIOTA/USD - 1H - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.237610 USD
My targets
0.259378 USD (+4.99%)
0.265239 USD (+7.36%)
My analysis
The basic bullish trend is very strong on IOTA - MIOTA/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.237610 USD. Crossing the first resistance at 0.259378 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.265239 USD as an objective. Crossing it would then enable buyers to target 0.329419 USD. Caution, a return to below 0.237610 USD would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 0.247058 USD. The price registered a decrease of -0.13% on the session and was traded between 0.237173 USD and 0.248446 USD over the period. The price is currently at +4.17% from its lowest and -0.56% from its highest.0.237173
0.248446
0.247058
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:
Technical
Technical analysis of IOTA - MIOTA/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.223750 | 0.231441 | 0.237610 | 0.247058 | 0.247960 | 0.265239 | 0.329419 |
| Change (%) | -9.43% | -6.32% | -3.82% | - | +0.37% | +7.36% | +33.34% |
| Change | -0.023308 | -0.015617 | -0.009448 | - | +0.000902 | +0.018181 | +0.082361 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.227718 | 0.232167 | 0.239769 | 0.244218 | 0.251820 | 0.256269 | 0.263871 |
| Camarilla | 0.244057 | 0.245162 | 0.246266 | 0.247371 | 0.248476 | 0.249580 | 0.250685 |
| Woodie | 0.229295 | 0.232955 | 0.241346 | 0.245006 | 0.253397 | 0.257057 | 0.265448 |
| Fibonacci | 0.232167 | 0.236771 | 0.239615 | 0.244218 | 0.248822 | 0.251666 | 0.256269 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.171492 | 0.187420 | 0.215435 | 0.231363 | 0.259378 | 0.275306 | 0.303321 |
| Camarilla | 0.231366 | 0.235394 | 0.239422 | 0.243450 | 0.247478 | 0.251506 | 0.255534 |
| Woodie | 0.177536 | 0.190442 | 0.221479 | 0.234385 | 0.265422 | 0.278328 | 0.309365 |
| Fibonacci | 0.187420 | 0.204206 | 0.214577 | 0.231363 | 0.248149 | 0.258520 | 0.275306 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.118890 | 0.193237 | 0.271477 | 0.345824 | 0.424064 | 0.498411 | 0.576651 |
| Camarilla | 0.307757 | 0.321744 | 0.335731 | 0.349718 | 0.363705 | 0.377692 | 0.391679 |
| Woodie | 0.120838 | 0.194210 | 0.273425 | 0.346797 | 0.426012 | 0.499384 | 0.578599 |
| Fibonacci | 0.193237 | 0.251525 | 0.287535 | 0.345824 | 0.404112 | 0.440122 | 0.498411 |
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): | 57.36 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 7.609574 | |
| AROON (14): | 14.285715 | |
| DEMA (21): | 0.243973 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.238472 | |
| Elder Ray (13): | 0.002065 | |
| Super Trend (3,10): | 0.236294 | |
| Zig ZAG (10): | 0.246791 | |
| VORTEX (21): | 0.9956 | |
| Stochastique (14,3,5): | 82.99 | |
| TEMA (21): | 0.244558 | |
| Williams %R (14): | -13.06 | |
| Chande Momentum Oscillator (20): | 0.000779 | |
| Repulse (5,40,3): | 2.6189 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0022 | |
| Courbe Coppock: | 0.69 |
| MA7: | 0.234052 | |
| MA20: | 0.263211 | |
| MA50: | 0.309726 | |
| MA100: | 0.284716 | |
| MAexp7: | 0.244912 | |
| MAexp20: | 0.243038 | |
| MAexp50: | 0.241680 | |
| MAexp100: | 0.238620 | |
| Price / MA7: | +5.56% | |
| Price / MA20: | -6.14% | |
| Price / MA50: | -20.23% | |
| Price / MA100: | -13.23% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | +2.23% | |
| Price / MAexp100: | +3.54% |
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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