IOTA - MIOTA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MIOTAUSD
ISIN:

IOTA - MIOTA/USD - 1H - Technical analysis published on 08/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

11%

56%

My opinion

Bearish under 0.130627 USD

My targets

0.127022 USD (-1.89%)

0.125146 USD (-3.34%)

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 0.130627 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 0.130627 USD. The next bearish objective for sellers is set at 0.127022 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.125146 USD. In case of crossing, the next objective would be the support located at 0.121090 USD. PS: if there is a bullish break in the resistance located at 0.130627 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.5

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 rating is 0.129470 USD. On the day, this instrument lost -0.08% with the lowest point at 0.127610 USD and the highest point at 0.130522 USD. The deviation from the price is +1.46% for the low point and -0.81% for the high point.

0.127610

0.130522

0.129470

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this 1H chart of IOTA - MIOTA/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 10 are neutral and 2 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.121090	0.125146	0.127022	0.129470	0.130627	0.139004	0.141684
Change (%)	-6.47%	-3.34%	-1.89%	-	+0.89%	+7.36%	+9.43%
Change	-0.008380	-0.004324	-0.002448	-	+0.001157	+0.009534	+0.012214
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	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	0.119427	0.122283	0.125926	0.128782	0.132425	0.135281	0.138924
Camarilla	0.127781	0.128377	0.128972	0.129568	0.130164	0.130760	0.131355
Woodie	0.119820	0.122480	0.126319	0.128979	0.132818	0.135478	0.139317
Fibonacci	0.122283	0.124766	0.126300	0.128782	0.131265	0.132799	0.135281

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.075531	0.089806	0.111882	0.126157	0.148233	0.162508	0.184584
Camarilla	0.123963	0.127295	0.130627	0.133959	0.137291	0.140623	0.143956
Woodie	0.079433	0.091756	0.115784	0.128107	0.152135	0.164458	0.188486
Fibonacci	0.089806	0.103692	0.112271	0.126157	0.140043	0.148622	0.162508

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 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):	52.35
MACD (12,26,9):	-0.0001
Directional Movement:	-4.311036
AROON (14):	-42.857143
DEMA (21):	0.129410
Parabolic SAR (0,02-0,02-0,2):	0.127885
Elder Ray (13):	0.000079
Super Trend (3,10):	0.133607
Zig ZAG (10):	0.130176
VORTEX (21):	1.0156
Stochastique (14,3,5):	58.43
TEMA (21):	0.130019
Williams %R (14):	-36.24
Chande Momentum Oscillator (20):	-0.000245
Repulse (5,40,3):	0.9422
ROCnROLL:	-1
TRIX (15,9):	-0.0134
Courbe Coppock:	1.29

MA7:	0.132287
MA20:	0.136267
MA50:	0.152632
MA100:	0.179161
MAexp7:	0.129743
MAexp20:	0.129367
MAexp50:	0.130370
MAexp100:	0.131587
Price / MA7:	-2.13%
Price / MA20:	-4.99%
Price / MA50:	-15.18%
Price / MA100:	-27.74%
Price / MAexp7:	-0.21%
Price / MAexp20:	+0.08%
Price / MAexp50:	-0.69%
Price / MAexp100:	-1.61%

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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