IOTA - MIOTA/USD - 1H - Technical analysis published on 07/24/2024 (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
44%
17%
39%
My opinion
Bearish under 0.175233 USD
My targets
0.169932 USD (-0.85%)
0.164444 USD (-4.06%)
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 0.175233 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 0.175233 USD. The next bearish objective for sellers is set at 0.169932 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.164444 USD. In case of crossing, the next objective would be the support located at 0.147295 USD. PS: if there is a bullish break in the resistance located at 0.175233 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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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 0.171395 USD. The price registered a decrease of -0.03% on the session and was traded between 0.164494 USD and 0.171705 USD over the period. The price is currently at +4.20% from its lowest and -0.18% from its highest.0.164494
0.171705
0.171395
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this IOTA - MIOTA/USD chart shows a bearish trend. 75.00% 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.147295 | 0.164444 | 0.169932 | 0.171395 | 0.175233 | 0.177607 | 0.183964 |
| Change (%) | -14.06% | -4.06% | -0.85% | - | +2.24% | +3.62% | +7.33% |
| Change | -0.024100 | -0.006951 | -0.001463 | - | +0.003838 | +0.006212 | +0.012569 |
| Level | Major | Intermediate | 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 | 0.153605 | 0.158992 | 0.165216 | 0.170603 | 0.176827 | 0.182214 | 0.188438 |
| Camarilla | 0.168246 | 0.169310 | 0.170375 | 0.171439 | 0.172503 | 0.173568 | 0.174632 |
| Woodie | 0.154023 | 0.159201 | 0.165634 | 0.170812 | 0.177245 | 0.182423 | 0.188856 |
| Fibonacci | 0.158992 | 0.163428 | 0.166168 | 0.170603 | 0.175039 | 0.177779 | 0.182214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.142386 | 0.150648 | 0.162670 | 0.170932 | 0.182954 | 0.191216 | 0.203238 |
| Camarilla | 0.169114 | 0.170973 | 0.172833 | 0.174692 | 0.176551 | 0.178411 | 0.180270 |
| Woodie | 0.144266 | 0.151588 | 0.164550 | 0.171872 | 0.184834 | 0.192156 | 0.205118 |
| Fibonacci | 0.150648 | 0.158397 | 0.163184 | 0.170932 | 0.178681 | 0.183468 | 0.191216 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019496 | 0.084098 | 0.127379 | 0.191981 | 0.235262 | 0.299864 | 0.343145 |
| Camarilla | 0.140992 | 0.150882 | 0.160771 | 0.170660 | 0.180549 | 0.190439 | 0.200328 |
| Woodie | 0.008836 | 0.078768 | 0.116719 | 0.186651 | 0.224602 | 0.294534 | 0.332485 |
| Fibonacci | 0.084098 | 0.125309 | 0.150770 | 0.191981 | 0.233192 | 0.258653 | 0.299864 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.14 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -15.425929 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.169481 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.164494 | |
| Elder Ray (13): | -0.000621 | |
| Super Trend (3,10): | 0.177934 | |
| Zig ZAG (10): | 0.170830 | |
| VORTEX (21): | 1.0233 | |
| Stochastique (14,3,5): | 50.82 | |
| TEMA (21): | 0.169883 | |
| Williams %R (14): | -39.76 | |
| Chande Momentum Oscillator (20): | -0.002366 | |
| Repulse (5,40,3): | 4.1183 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0756 | |
| Courbe Coppock: | 1.10 |
| MA7: | 0.173011 | |
| MA20: | 0.163552 | |
| MA50: | 0.176518 | |
| MA100: | 0.200325 | |
| MAexp7: | 0.170212 | |
| MAexp20: | 0.170341 | |
| MAexp50: | 0.171813 | |
| MAexp100: | 0.172544 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | +4.80% | |
| Price / MA50: | -2.90% | |
| Price / MA100: | -14.44% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.67% |
Quotes :
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Real time data
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Cryptocompare
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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