IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 09/07/2022 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Neutral between 0.037580 USD and 0.038554 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on IOTEX NETWORK - IOTX/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 0.037580 USD. The first resistance is located at 0.038554 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 IOTEX NETWORK - IOTX/USD price is 0.038280 USD. The price registered a decrease of -0.05% on the session and was between 0.037290 USD and 0.038930 USD. This implies that the price is at +2.65% from its lowest and at -1.67% from its highest.0.037290
0.038930
0.038280
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IOTEX NETWORK - IOTX/USD chart shows a slightly bearish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.033560 | 0.037580 | 0.038280 | 0.038554 | 0.039443 | 0.040431 |
| Change (%) | -12.33% | -1.83% | - | +0.72% | +3.04% | +5.62% |
| Change | -0.004720 | -0.000700 | - | +0.000274 | +0.001163 | +0.002151 |
| Level | Minor | Intermediate | - | Minor | Major | 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 | 0.032397 | 0.034993 | 0.036647 | 0.039243 | 0.040897 | 0.043493 | 0.045147 |
| Camarilla | 0.037131 | 0.037521 | 0.037910 | 0.038300 | 0.038690 | 0.039079 | 0.039469 |
| Woodie | 0.031925 | 0.034758 | 0.036175 | 0.039008 | 0.040425 | 0.043258 | 0.044675 |
| Fibonacci | 0.034993 | 0.036617 | 0.037620 | 0.039243 | 0.040867 | 0.041870 | 0.043493 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033303 | 0.034907 | 0.036283 | 0.037887 | 0.039263 | 0.040867 | 0.042243 |
| Camarilla | 0.036841 | 0.037114 | 0.037387 | 0.037660 | 0.037933 | 0.038206 | 0.038480 |
| Woodie | 0.033190 | 0.034850 | 0.036170 | 0.037830 | 0.039150 | 0.040810 | 0.042130 |
| Fibonacci | 0.034907 | 0.036045 | 0.036748 | 0.037887 | 0.039025 | 0.039728 | 0.040867 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017443 | 0.026977 | 0.032333 | 0.041867 | 0.047223 | 0.056757 | 0.062113 |
| Camarilla | 0.033595 | 0.034960 | 0.036325 | 0.037690 | 0.039055 | 0.040420 | 0.041785 |
| Woodie | 0.015355 | 0.025933 | 0.030245 | 0.040823 | 0.045135 | 0.055713 | 0.060025 |
| Fibonacci | 0.026977 | 0.032665 | 0.036179 | 0.041867 | 0.047555 | 0.051069 | 0.056757 |
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): | 55.39 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 5.132999 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.037816 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037321 | |
| Elder Ray (13): | 0.000566 | |
| Super Trend (3,10): | 0.039213 | |
| Zig ZAG (10): | 0.038560 | |
| VORTEX (21): | 1.0352 | |
| Stochastique (14,3,5): | 64.35 | |
| TEMA (21): | 0.038009 | |
| Williams %R (14): | -8.55 | |
| Chande Momentum Oscillator (20): | 0.000560 | |
| Repulse (5,40,3): | 2.0026 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1112 | |
| Courbe Coppock: | 0.98 |
| MA7: | 0.038644 | |
| MA20: | 0.038981 | |
| MA50: | 0.040109 | |
| MA100: | 0.038904 | |
| MAexp7: | 0.038138 | |
| MAexp20: | 0.038088 | |
| MAexp50: | 0.038469 | |
| MAexp100: | 0.038603 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -4.56% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.84% |
Quotes :
-
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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