IOTA - IOTA/USD - 1H - Technical analysis published on 08/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.141896 USD
My targets
0.148246 USD (+0.74%)
0.164639 USD (+11.88%)
My analysis
IOTA - MIOTA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.141896 USD. The next resistance located at 0.148246 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.164639 USD. After this resistance, buyers could then target 0.258931 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 price is 0.147161 USD. On the day, this instrument lost -0.06% with the lowest point at 0.145170 USD and the highest point at 0.147510 USD. The deviation from the price is +1.37% for the low point and -0.24% for the high point.0.145170
0.147510
0.147161
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical analysis of this 1H chart of IOTA - MIOTA/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.130661 | 0.136777 | 0.141896 | 0.147161 | 0.148246 | 0.258931 | 0.366380 |
| Change (%) | -11.21% | -7.06% | -3.58% | - | +0.74% | +75.95% | +148.97% |
| Change | -0.016500 | -0.010384 | -0.005265 | - | +0.001085 | +0.111770 | +0.219219 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130580 | 0.134730 | 0.140989 | 0.145139 | 0.151398 | 0.155548 | 0.161807 |
| Camarilla | 0.144385 | 0.145339 | 0.146293 | 0.147247 | 0.148201 | 0.149155 | 0.150110 |
| Woodie | 0.131634 | 0.135257 | 0.142043 | 0.145666 | 0.152452 | 0.156075 | 0.162861 |
| Fibonacci | 0.134730 | 0.138707 | 0.141163 | 0.145139 | 0.149116 | 0.151572 | 0.155548 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.100259 | 0.112700 | 0.121719 | 0.134160 | 0.143179 | 0.155620 | 0.164639 |
| Camarilla | 0.124838 | 0.126805 | 0.128772 | 0.130739 | 0.132706 | 0.134673 | 0.136641 |
| Woodie | 0.098549 | 0.111845 | 0.120009 | 0.133305 | 0.141469 | 0.154765 | 0.162929 |
| Fibonacci | 0.112700 | 0.120897 | 0.125962 | 0.134160 | 0.142357 | 0.147422 | 0.155620 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.080067 | 0.110033 | 0.130697 | 0.160663 | 0.181327 | 0.211293 | 0.231957 |
| Camarilla | 0.137437 | 0.142078 | 0.146719 | 0.151360 | 0.156001 | 0.160642 | 0.165283 |
| Woodie | 0.075415 | 0.107708 | 0.126045 | 0.158338 | 0.176675 | 0.208968 | 0.227305 |
| Fibonacci | 0.110033 | 0.129374 | 0.141323 | 0.160663 | 0.180004 | 0.191953 | 0.211293 |
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): | 58.33 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 9.512176 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.147161 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.149208 | |
| Elder Ray (13): | 0.001058 | |
| Super Trend (3,10): | 0.140398 | |
| Zig ZAG (10): | 0.146945 | |
| VORTEX (21): | 1.0799 | |
| Stochastique (14,3,5): | 67.18 | |
| TEMA (21): | 0.147498 | |
| Williams %R (14): | -29.68 | |
| Chande Momentum Oscillator (20): | 0.001960 | |
| Repulse (5,40,3): | -1.3782 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1680 | |
| Courbe Coppock: | 6.03 |
| MA7: | 0.138436 | |
| MA20: | 0.133429 | |
| MA50: | 0.149143 | |
| MA100: | 0.174094 | |
| MAexp7: | 0.146398 | |
| MAexp20: | 0.144903 | |
| MAexp50: | 0.142267 | |
| MAexp100: | 0.139664 | |
| Price / MA7: | +6.30% | |
| Price / MA20: | +10.29% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -15.47% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +1.56% | |
| Price / MAexp50: | +3.44% | |
| Price / MAexp100: | +5.37% |
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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