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IOTEX NETWORK - IOTX/USD
IOTEX NETWORK - IOTX/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: IOTXUSD
ISIN:

IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 09/11/2022 (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: Bearish
Underlying: Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.038545 USD
My targets
0.039252 USD (+1.11%)
0.040431 USD (+4.15%)
My analysis
With a bullish background trend, the price of IOTEX NETWORK - IOTX/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.038545 USD. A bullish break in the resistance located at 0.039252 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.040431 USD. Then 0.044760 USD by extension. It would be safer to wait for a bullish break in the resistance located at 0.039252 USD before allowing yourself to re trade long positions (at purchase) on IOTEX NETWORK - IOTX/USD. PS: if there is a bearish break in the support located at 0.038545 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
2.7

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

IOTEX NETWORK - IOTX/USD rating 0.038820 USD. On the day, this instrument lost -0.05% and was between 0.038560 USD and 0.039410 USD. This implies that the price is at +0.67% from its lowest and at -1.50% from its highest.

0.038560
0.039410
0.038820

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of IOTEX NETWORK - IOTX/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.037570 0.038545 0.038820 0.039252 0.040431 0.044760
Change (%) -3.22% -0.71% - +1.11% +4.15% +15.30%
Change -0.001250 -0.000275 - +0.000432 +0.001611 +0.005940
Level Intermediate Intermediate - Minor Intermediate Intermediate



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
Standard0.0368600.0376200.0382300.0389900.0396000.0403600.040970
Camarilla0.0384630.0385890.0387140.0388400.0389660.0390910.039217
Woodie0.0367850.0375830.0381550.0389530.0395250.0403230.040895
Fibonacci0.0376200.0381430.0384670.0389900.0395130.0398370.040360


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0283630.0328270.0358330.0402970.0433030.0477670.050773
Camarilla0.0367860.0374710.0381550.0388400.0395250.0402100.040894
Woodie0.0276350.0324630.0351050.0399330.0425750.0474030.050045
Fibonacci0.0328270.0356800.0374430.0402970.0431500.0449130.047767


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0174430.0269770.0323330.0418670.0472230.0567570.062113
Camarilla0.0335950.0349600.0363250.0376900.0390550.0404200.041785
Woodie0.0153550.0259330.0302450.0408230.0451350.0557130.060025
Fibonacci0.0269770.0326650.0361790.0418670.0475550.0510690.056757

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): 53.70
MACD (12,26,9): 0.0001
Directional Movement: 5.824538
AROON (14): 85.714286
DEMA (21): 0.039112
Parabolic SAR (0,02-0,02-0,2): 0.038768
Elder Ray (13): 0.000091
Super Trend (3,10): 0.037931
Zig ZAG (10): 0.039080
VORTEX (21): 1.0058
Stochastique (14,3,5): 63.51
TEMA (21): 0.039124
Williams %R (14): -39.02
Chande Momentum Oscillator (20): 0.000060
Repulse (5,40,3): 0.2114
ROCnROLL: 1
TRIX (15,9): 0.0188
Courbe Coppock: 0.60
MA7: 0.039034
MA20: 0.038856
MA50: 0.040072
MA100: 0.038624
MAexp7: 0.039115
MAexp20: 0.039031
MAexp50: 0.038908
MAexp100: 0.038772
Price / MA7: -0.55%
Price / MA20: -0.09%
Price / MA50: -3.12%
Price / MA100: +0.51%
Price / MAexp7: -0.75%
Price / MAexp20: -0.54%
Price / MAexp50: -0.23%
Price / MAexp100: +0.12%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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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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