IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 09/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.034859 USD
My targets
0.032580 USD (-2.98%)
My analysis
IOTEX NETWORK - IOTX/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 0.034859 USD. The next support located at 0.032580 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTEX NETWORK - IOTX/USD rating 0.033580 USD. The price registered a decrease of -1.64% on the session with the lowest point at 0.033460 USD and the highest point at 0.034460 USD. The deviation from the price is +0.36% for the low point and -2.55% for the high point.0.033460
0.034460
0.033580
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IOTEX NETWORK - IOTX/USD:
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 sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
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 | 0.032580 | 0.033560 | 0.033580 | 0.034859 | 0.035731 | 0.036610 |
| Change (%) | -2.98% | -0.06% | - | +3.81% | +6.41% | +9.02% |
| Change | -0.001000 | -0.000020 | - | +0.001279 | +0.002151 | +0.003030 |
| Level | Minor | Major | - | Major | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032157 | 0.032853 | 0.033497 | 0.034193 | 0.034837 | 0.035533 | 0.036177 |
| Camarilla | 0.033772 | 0.033894 | 0.034017 | 0.034140 | 0.034263 | 0.034386 | 0.034509 |
| Woodie | 0.032130 | 0.032840 | 0.033470 | 0.034180 | 0.034810 | 0.035520 | 0.036150 |
| Fibonacci | 0.032853 | 0.033365 | 0.033682 | 0.034193 | 0.034705 | 0.035022 | 0.035533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030200 | 0.032910 | 0.035010 | 0.037720 | 0.039820 | 0.042530 | 0.044630 |
| Camarilla | 0.035787 | 0.036228 | 0.036669 | 0.037110 | 0.037551 | 0.037992 | 0.038433 |
| Woodie | 0.029895 | 0.032758 | 0.034705 | 0.037568 | 0.039515 | 0.042378 | 0.044325 |
| Fibonacci | 0.032910 | 0.034747 | 0.035883 | 0.037720 | 0.039557 | 0.040693 | 0.042530 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.75 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.235438 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.033687 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.034084 | |
| Elder Ray (13): | -0.000189 | |
| Super Trend (3,10): | 0.034419 | |
| Zig ZAG (10): | 0.033550 | |
| VORTEX (21): | 0.9425 | |
| Stochastique (14,3,5): | 5.39 | |
| TEMA (21): | 0.033580 | |
| Williams %R (14): | -90.72 | |
| Chande Momentum Oscillator (20): | -0.000630 | |
| Repulse (5,40,3): | -1.0639 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0338 | |
| Courbe Coppock: | 3.09 |
| MA7: | 0.034034 | |
| MA20: | 0.036744 | |
| MA50: | 0.038864 | |
| MA100: | 0.038067 | |
| MAexp7: | 0.033631 | |
| MAexp20: | 0.033835 | |
| MAexp50: | 0.033956 | |
| MAexp100: | 0.034156 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -8.61% | |
| Price / MA50: | -13.60% | |
| Price / MA100: | -11.79% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -1.69% |
Quotes :
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Real time data
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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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