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IOTA - MIOTA/USD
IOTA - MIOTA/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MIOTAUSD
ISIN:

IOTA - MIOTA/USD - 1H - Technical analysis published on 05/31/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.222647 USD
My targets
0.217284 USD (-0.74%)
0.214817 USD (-1.87%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.222647 USD remains possible. It is advisable to trade IOTA - MIOTA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.222647 USD. The next bearish objective for sellers is set at 0.217284 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.214817 USD. In case of crossing, the next objective would be the support located at 0.212662 USD. PS: if there is a bullish break in the resistance located at 0.222647 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

IOTA - MIOTA/USD rating 0.218910 USD. On the day, this instrument lost -0.07% and was between 0.212760 USD and 0.221230 USD. This implies that the price is at +2.89% from its lowest and at -1.05% from its highest.

0.212760
0.221230
0.218910

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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 bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.212662 0.214817 0.217284 0.218910 0.222647 0.226833 0.234164
Change (%) -2.85% -1.87% -0.74% - +1.71% +3.62% +6.97%
Change -0.006248 -0.004093 -0.001626 - +0.003737 +0.007923 +0.015254
Level Intermediate Intermediate Minor - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2016310.2082240.2136470.2202400.2256630.2322560.237679
Camarilla0.2157660.2168670.2179690.2190700.2201720.2212730.222374
Woodie0.2010460.2079320.2130620.2199480.2250780.2319640.237094
Fibonacci0.2082240.2128140.2156500.2202400.2248300.2276660.232256


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1726610.1876450.2081310.2231150.2436010.2585850.279071
Camarilla0.2188620.2221130.2253650.2286160.2318670.2351190.238370
Woodie0.1754110.1890210.2108810.2244910.2463510.2599610.281821
Fibonacci0.1876450.2011950.2095660.2231150.2366650.2450360.258585


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0352030.1134910.1635550.2418430.2919070.3701950.420259
Camarilla0.1783230.1900890.2018540.2136200.2253860.2371510.248917
Woodie0.0210920.1064350.1494440.2347870.2777960.3631390.406148
Fibonacci0.1134910.1625210.1928120.2418430.2908730.3211640.370195

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): 52.08
MACD (12,26,9): -0.0008
Directional Movement: -2.261788
AROON (14): -21.428571
DEMA (21): 0.216144
Parabolic SAR (0,02-0,02-0,2): 0.213425
Elder Ray (13): -0.000007
Super Trend (3,10): 0.222519
Zig ZAG (10): 0.219040
VORTEX (21): 0.9674
Stochastique (14,3,5): 62.15
TEMA (21): 0.217040
Williams %R (14): -25.86
Chande Momentum Oscillator (20): 0.000359
Repulse (5,40,3): 1.6327
ROCnROLL: -1
TRIX (15,9): -0.0671
Courbe Coppock: 1.45
MA7: 0.224265
MA20: 0.220659
MA50: 0.225576
MA100: 0.274892
MAexp7: 0.217459
MAexp20: 0.217761
MAexp50: 0.219930
MAexp100: 0.222372
Price / MA7: -2.39%
Price / MA20: -0.79%
Price / MA50: -2.96%
Price / MA100: -20.37%
Price / MAexp7: +0.67%
Price / MAexp20: +0.53%
Price / MAexp50: -0.46%
Price / MAexp100: -1.56%

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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Londinia
Londinia AI

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