IOTA - IOTA/USD - 1H - Technical analysis published on 10/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.117278 USD
My targets
0.113735 USD (-1.20%)
My analysis
IOTA - MIOTA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.117278 USD. The next support located at 0.113735 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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 0.115119 USD. On the day, this instrument lost -0.01% with the lowest point at 0.115083 USD and the highest point at 0.118080 USD. The deviation from the price is +0.03% for the low point and -2.51% for the high point.0.115083
0.118080
0.115119
Here is a more detailed summary of the historical variations registered by IOTA - MIOTA/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IOTA - MIOTA/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.113735 | 0.115119 | 0.117278 | 0.119802 | 0.124819 |
| Change (%) | -1.20% | - | +1.88% | +4.07% | +8.43% |
| Change | -0.001384 | - | +0.002159 | +0.004683 | +0.009700 |
| Level | Intermediate | - | Minor | Intermediate | Major |
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 | 0.104692 | 0.109679 | 0.112405 | 0.117392 | 0.120118 | 0.125105 | 0.127831 |
| Camarilla | 0.113009 | 0.113716 | 0.114423 | 0.115130 | 0.115837 | 0.116544 | 0.117251 |
| Woodie | 0.103561 | 0.109114 | 0.111274 | 0.116827 | 0.118987 | 0.124540 | 0.126700 |
| Fibonacci | 0.109679 | 0.112626 | 0.114446 | 0.117392 | 0.120339 | 0.122159 | 0.125105 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.075987 | 0.094793 | 0.108607 | 0.127413 | 0.141227 | 0.160033 | 0.173847 |
| Camarilla | 0.113450 | 0.116440 | 0.119430 | 0.122420 | 0.125410 | 0.128400 | 0.131391 |
| Woodie | 0.073490 | 0.093545 | 0.106110 | 0.126165 | 0.138730 | 0.158785 | 0.171350 |
| Fibonacci | 0.094793 | 0.107254 | 0.114953 | 0.127413 | 0.139874 | 0.147573 | 0.160033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.075611 | 0.094925 | 0.114263 | 0.133577 | 0.152915 | 0.172229 | 0.191567 |
| Camarilla | 0.122971 | 0.126514 | 0.130057 | 0.133600 | 0.137143 | 0.140686 | 0.144229 |
| Woodie | 0.075622 | 0.094931 | 0.114274 | 0.133583 | 0.152926 | 0.172235 | 0.191578 |
| Fibonacci | 0.094925 | 0.109690 | 0.118812 | 0.133577 | 0.148342 | 0.157464 | 0.172229 |
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): | 41.97 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -7.635373 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.116041 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.114807 | |
| Elder Ray (13): | -0.000288 | |
| Super Trend (3,10): | 0.124223 | |
| Zig ZAG (10): | 0.115119 | |
| VORTEX (21): | 0.8905 | |
| Stochastique (14,3,5): | 23.70 | |
| TEMA (21): | 0.115913 | |
| Williams %R (14): | -92.54 | |
| Chande Momentum Oscillator (20): | -0.002941 | |
| Repulse (5,40,3): | -2.5324 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1126 | |
| Courbe Coppock: | 4.34 |
| MA7: | 0.120742 | |
| MA20: | 0.132561 | |
| MA50: | 0.130024 | |
| MA100: | 0.140196 | |
| MAexp7: | 0.116359 | |
| MAexp20: | 0.117618 | |
| MAexp50: | 0.119427 | |
| MAexp100: | 0.121102 | |
| Price / MA7: | -4.66% | |
| Price / MA20: | -13.16% | |
| Price / MA50: | -11.46% | |
| Price / MA100: | -17.89% | |
| Price / MAexp7: | -1.07% | |
| Price / MAexp20: | -2.12% | |
| Price / MAexp50: | -3.61% | |
| Price / MAexp100: | -4.94% |
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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