IOTA - IOTA/USD - 1H - Technical analysis published on 05/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.223543 USD
My targets
0.233894 USD (+1.73%)
0.238864 USD (+3.89%)
My analysis
IOTA - MIOTA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.223543 USD. The next resistance located at 0.233894 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.238864 USD. After this resistance, buyers could then target 0.243610 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IOTA - MIOTA/USD price is 0.229925 USD. The price is lower by -0.02% since the last closing and was between 0.220514 USD and 0.232244 USD. This implies that the price is at +4.27% from its lowest and at -1.00% from its highest.0.220514
0.232244
0.229925
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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.203582 | 0.214400 | 0.223543 | 0.229925 | 0.229929 | 0.233894 | 0.238864 |
| Change (%) | -11.46% | -6.75% | -2.78% | - | +0.00% | +1.73% | +3.89% |
| Change | -0.026343 | -0.015525 | -0.006382 | - | +0.000004 | +0.003969 | +0.008939 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.219646 | 0.222569 | 0.226266 | 0.229189 | 0.232886 | 0.235809 | 0.239506 |
| Camarilla | 0.228143 | 0.228749 | 0.229356 | 0.229963 | 0.230570 | 0.231177 | 0.231784 |
| Woodie | 0.220033 | 0.222763 | 0.226653 | 0.229383 | 0.233273 | 0.236003 | 0.239893 |
| Fibonacci | 0.222569 | 0.225098 | 0.226660 | 0.229189 | 0.231718 | 0.233280 | 0.235809 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.165174 | 0.181706 | 0.205835 | 0.222367 | 0.246496 | 0.263028 | 0.287157 |
| Camarilla | 0.218781 | 0.222509 | 0.226236 | 0.229963 | 0.233690 | 0.237418 | 0.241145 |
| Woodie | 0.168972 | 0.183605 | 0.209633 | 0.224266 | 0.250294 | 0.264927 | 0.290955 |
| Fibonacci | 0.181706 | 0.197239 | 0.206835 | 0.222367 | 0.237900 | 0.247496 | 0.263028 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.005757 | 0.093011 | 0.153315 | 0.252083 | 0.312387 | 0.411155 | 0.471459 |
| Camarilla | 0.169875 | 0.184457 | 0.199038 | 0.213620 | 0.228202 | 0.242783 | 0.257365 |
| Woodie | -0.024988 | 0.083395 | 0.134084 | 0.242467 | 0.293156 | 0.401539 | 0.452228 |
| Fibonacci | 0.093011 | 0.153776 | 0.191317 | 0.252083 | 0.312848 | 0.350389 | 0.411155 |
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): | 53.10 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 2.746688 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.229312 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.226865 | |
| Elder Ray (13): | 0.000774 | |
| Super Trend (3,10): | 0.233275 | |
| Zig ZAG (10): | 0.229210 | |
| VORTEX (21): | 0.9921 | |
| Stochastique (14,3,5): | 75.07 | |
| TEMA (21): | 0.229746 | |
| Williams %R (14): | -29.17 | |
| Chande Momentum Oscillator (20): | 0.002640 | |
| Repulse (5,40,3): | -0.6627 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0266 | |
| Courbe Coppock: | 4.90 |
| MA7: | 0.222554 | |
| MA20: | 0.229908 | |
| MA50: | 0.278072 | |
| MA100: | 0.284323 | |
| MAexp7: | 0.229667 | |
| MAexp20: | 0.228323 | |
| MAexp50: | 0.226784 | |
| MAexp100: | 0.224621 | |
| Price / MA7: | +3.31% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | -17.31% | |
| Price / MA100: | -19.13% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | +2.36% |
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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