IOTA - MIOTA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	MIOTAUSD
ISIN:

IOTA - MIOTA/USD - 1H - Technical analysis published on 06/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 0.171050 USD

My targets

0.166200 USD (-0.82%)

0.163000 USD (-2.73%)

My analysis

The bearish trend is currently very strong for IOTA - MIOTA/USD. As long as the price remains below the resistance at 0.171050 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.166200 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.163000 USD as an objective. Crossing it would then enable sellers to target 0.147295 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

Comment on the analysis

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.

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

Additional analysis

Quotes

IOTA - MIOTA/USD rating 0.167570 USD. On the day, this instrument gained +1.91% and was traded between 0.163923 USD and 0.170761 USD over the period. The price is currently at +2.22% from its lowest and -1.87% from its highest.

0.163923

0.170761

0.167570

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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.147295	0.163000	0.166200	0.167570	0.171050	0.172920	0.177110
Change (%)	-12.10%	-2.73%	-0.82%	-	+2.08%	+3.19%	+5.69%
Change	-0.020275	-0.004570	-0.001370	-	+0.003480	+0.005350	+0.009540
Level	Intermediate	Major	Minor	-	Intermediate	Major	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	0.152591	0.158460	0.161442	0.167311	0.170293	0.176162	0.179144
Camarilla	0.161990	0.162801	0.163613	0.164424	0.165235	0.166047	0.166858
Woodie	0.151148	0.157738	0.159999	0.166589	0.168850	0.175440	0.177701
Fibonacci	0.158460	0.161841	0.163930	0.167311	0.170692	0.172781	0.176162

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.138229	0.150615	0.157519	0.169905	0.176809	0.189195	0.196099
Camarilla	0.159119	0.160888	0.162656	0.164424	0.166192	0.167961	0.169729
Woodie	0.135489	0.149245	0.154779	0.168535	0.174069	0.187825	0.193359
Fibonacci	0.150615	0.157983	0.162536	0.169905	0.177273	0.181826	0.189195

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.153820	0.175095	0.195551	0.216826	0.237282	0.258557	0.279013
Camarilla	0.204532	0.208357	0.212183	0.216008	0.219833	0.223659	0.227484
Woodie	0.153412	0.174890	0.195143	0.216621	0.236874	0.258352	0.278605
Fibonacci	0.175095	0.191036	0.200884	0.216826	0.232767	0.242615	0.258557

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):	35.30
MACD (12,26,9):	-0.0019
Directional Movement:	1.785506
AROON (14):	-92.857143
DEMA (21):	0.165890
Parabolic SAR (0,02-0,02-0,2):	0.170709
Elder Ray (13):	-0.001788
Super Trend (3,10):	0.173560
Zig ZAG (10):	0.164026
VORTEX (21):	0.9050
Stochastique (14,3,5):	1.27
TEMA (21):	0.165168
Williams %R (14):	-98.51
Chande Momentum Oscillator (20):	-0.006467
Repulse (5,40,3):	-3.8986
ROCnROLL:	2
TRIX (15,9):	-0.1156
Courbe Coppock:	5.47

MA7:	0.172424
MA20:	0.178871
MA50:	0.203744
MA100:	0.235318
MAexp7:	0.165878
MAexp20:	0.168222
MAexp50:	0.170870
MAexp100:	0.172735
Price / MA7:	-2.82%
Price / MA20:	-6.32%
Price / MA50:	-17.75%
Price / MA100:	-28.79%
Price / MAexp7:	+1.02%
Price / MAexp20:	-0.39%
Price / MAexp50:	-1.93%
Price / MAexp100:	-2.99%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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