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 08/24/2024 (GMT)

Londinia

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

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

7.5

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 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

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 : - Real time data - Cryptocompare

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

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