IOTA - MIOTA/USD - 1H - Technical analysis published on 06/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.194422 USD
My targets
0.190623 USD (-1.50%)
0.177466 USD (-8.30%)
My analysis
IOTA - MIOTA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.194422 USD. The next support located at 0.190623 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.177466 USD. Below this support, sellers could then target 0.147295 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 rating is 0.193527 USD. The price registered a decrease of -0.04% on the session and was traded between 0.192530 USD and 0.200185 USD over the period. The price is currently at +0.52% from its lowest and -3.33% from its highest.0.192530
0.200185
0.193527
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IOTA - MIOTA/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.147295 | 0.190623 | 0.193527 | 0.203456 | 0.215239 | 0.235087 |
| Change (%) | -23.89% | -1.50% | - | +5.13% | +11.22% | +21.48% |
| Change | -0.046232 | -0.002904 | - | +0.009929 | +0.021712 | +0.041560 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | 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 | 0.175037 | 0.183642 | 0.188620 | 0.197225 | 0.202203 | 0.210808 | 0.215786 |
| Camarilla | 0.189863 | 0.191108 | 0.192353 | 0.193598 | 0.194843 | 0.196088 | 0.197333 |
| Woodie | 0.173224 | 0.182735 | 0.186807 | 0.196318 | 0.200390 | 0.209901 | 0.213973 |
| Fibonacci | 0.183642 | 0.188831 | 0.192036 | 0.197225 | 0.202414 | 0.205619 | 0.210808 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.107433 | 0.146992 | 0.177466 | 0.217025 | 0.247499 | 0.287058 | 0.317532 |
| Camarilla | 0.188682 | 0.195102 | 0.201521 | 0.207941 | 0.214361 | 0.220780 | 0.227200 |
| Woodie | 0.102892 | 0.144721 | 0.172925 | 0.214754 | 0.242958 | 0.284787 | 0.312991 |
| Fibonacci | 0.146992 | 0.173744 | 0.190272 | 0.217025 | 0.243777 | 0.260305 | 0.287058 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.149304 | 0.172837 | 0.194422 | 0.217955 | 0.239540 | 0.263073 | 0.284658 |
| Camarilla | 0.203601 | 0.207736 | 0.211872 | 0.216008 | 0.220144 | 0.224280 | 0.228416 |
| Woodie | 0.148331 | 0.172350 | 0.193449 | 0.217468 | 0.238567 | 0.262586 | 0.283685 |
| Fibonacci | 0.172837 | 0.190072 | 0.200720 | 0.217955 | 0.235190 | 0.245838 | 0.263073 |
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): | 40.54 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -2.294346 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.193407 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.192561 | |
| Elder Ray (13): | -0.000545 | |
| Super Trend (3,10): | 0.205759 | |
| Zig ZAG (10): | 0.193591 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 12.42 | |
| TEMA (21): | 0.192106 | |
| Williams %R (14): | -87.82 | |
| Chande Momentum Oscillator (20): | -0.007000 | |
| Repulse (5,40,3): | -2.6725 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1522 | |
| Courbe Coppock: | 6.28 |
| MA7: | 0.200947 | |
| MA20: | 0.216017 | |
| MA50: | 0.219237 | |
| MA100: | 0.262541 | |
| MAexp7: | 0.193918 | |
| MAexp20: | 0.196219 | |
| MAexp50: | 0.198941 | |
| MAexp100: | 0.202037 | |
| Price / MA7: | -3.69% | |
| Price / MA20: | -10.41% | |
| Price / MA50: | -11.73% | |
| Price / MA100: | -26.29% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -1.37% | |
| Price / MAexp50: | -2.72% | |
| Price / MAexp100: | -4.21% |
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.
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