IOTA - MIOTA/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MIOTAUSD
ISIN:

IOTA - MIOTA/USD - 1H - Technical analysis published on 08/10/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

22%

56%

My opinion

Bullish above 0.132787 USD

My targets

0.137834 USD (+3.16%)

0.142930 USD (+6.97%)

My analysis

With a bullish background trend, the price of IOTA - MIOTA/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.132787 USD. A bullish break in the resistance located at 0.137834 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.142930 USD. Then 0.147178 USD by extension. It would be safer to wait for a bullish break in the resistance located at 0.137834 USD before allowing yourself to re trade long positions (at purchase) on IOTA - MIOTA/USD. PS: if there is a bearish break in the support located at 0.132787 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

1.4

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

The IOTA - MIOTA/USD price is 0.133611 USD. The price is lower by -0.02% since the last closing and was traded between 0.132686 USD and 0.136960 USD over the period. The price is currently at +0.70% from its lowest and -2.45% from its highest.

0.132686

0.136960

0.133611

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.120266	0.124634	0.132787	0.133611	0.137834	0.142930	0.147178
Change (%)	-9.99%	-6.72%	-0.62%	-	+3.16%	+6.97%	+10.15%
Change	-0.013345	-0.008977	-0.000824	-	+0.004223	+0.009319	+0.013567
Level	Minor	Minor	Major	-	Major	Minor	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	0.126437	0.129304	0.131467	0.134334	0.136497	0.139364	0.141527
Camarilla	0.132248	0.132709	0.133170	0.133631	0.134092	0.134553	0.135014
Woodie	0.126086	0.129128	0.131116	0.134158	0.136146	0.139188	0.141176
Fibonacci	0.129304	0.131225	0.132412	0.134334	0.136255	0.137442	0.139364

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.084410	0.108192	0.121306	0.145088	0.158202	0.181984	0.195098
Camarilla	0.124274	0.127656	0.131038	0.134420	0.137802	0.141184	0.144566
Woodie	0.079076	0.105525	0.115972	0.142421	0.152868	0.179317	0.189764
Fibonacci	0.108192	0.122286	0.130994	0.145088	0.159182	0.167890	0.181984

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.067195	0.099736	0.125548	0.158089	0.183901	0.216442	0.242254
Camarilla	0.135313	0.140662	0.146011	0.151360	0.156709	0.162058	0.167407
Woodie	0.063831	0.098054	0.122184	0.156407	0.180537	0.214760	0.238890
Fibonacci	0.099736	0.122027	0.135798	0.158089	0.180380	0.194151	0.216442

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):	48.30
MACD (12,26,9):	0.0003
Directional Movement:	0.604143
AROON (14):	50.000000
DEMA (21):	0.135149
Parabolic SAR (0,02-0,02-0,2):	0.132360
Elder Ray (13):	0.000127
Super Trend (3,10):	0.128534
Zig ZAG (10):	0.133611
VORTEX (21):	0.9561
Stochastique (14,3,5):	41.64
TEMA (21):	0.134311
Williams %R (14):	-78.36
Chande Momentum Oscillator (20):	0.000437
Repulse (5,40,3):	0.0146
ROCnROLL:	-1
TRIX (15,9):	0.0317
Courbe Coppock:	0.25

MA7:	0.128991
MA20:	0.148042
MA50:	0.158589
MA100:	0.185667
MAexp7:	0.134473
MAexp20:	0.134197
MAexp50:	0.133058
MAexp100:	0.131902
Price / MA7:	+3.58%
Price / MA20:	-9.75%
Price / MA50:	-15.75%
Price / MA100:	-28.04%
Price / MAexp7:	-0.64%
Price / MAexp20:	-0.44%
Price / MAexp50:	+0.42%
Price / MAexp100:	+1.30%

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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