IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.024815 USD
My targets
0.026260 USD (+1.94%)
0.028217 USD (+9.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IOTEX NETWORK - IOTX/USD as long as the price remains well above 0.024815 USD. The buyers' bullish objective is set at 0.026260 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.028217 USD. If there is any crossing, the next objective would be the resistance located at 0.028980 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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Additional analysis
Quotes
The IOTEX NETWORK - IOTX/USD rating is 0.025760 USD. The price registered an increase of +3.96% on the session with the lowest point at 0.024630 USD and the highest point at 0.025810 USD. The deviation from the price is +4.59% for the low point and -0.19% for the high point.0.024630
0.025810
0.025760
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of IOTEX NETWORK - IOTX/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.021803 | 0.023650 | 0.024815 | 0.025760 | 0.026260 | 0.028980 |
| Change (%) | -15.36% | -8.19% | -3.67% | - | +1.94% | +12.50% |
| Change | -0.003957 | -0.002110 | -0.000945 | - | +0.000500 | +0.003220 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 0.021637 | 0.022313 | 0.023547 | 0.024223 | 0.025457 | 0.026133 | 0.027367 |
| Camarilla | 0.024255 | 0.024430 | 0.024605 | 0.024780 | 0.024955 | 0.025130 | 0.025305 |
| Woodie | 0.021915 | 0.022453 | 0.023825 | 0.024363 | 0.025735 | 0.026273 | 0.027645 |
| Fibonacci | 0.022313 | 0.023043 | 0.023494 | 0.024223 | 0.024953 | 0.025404 | 0.026133 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018437 | 0.019783 | 0.021697 | 0.023043 | 0.024957 | 0.026303 | 0.028217 |
| Camarilla | 0.022714 | 0.023012 | 0.023311 | 0.023610 | 0.023909 | 0.024208 | 0.024507 |
| Woodie | 0.018720 | 0.019925 | 0.021980 | 0.023185 | 0.025240 | 0.026445 | 0.028500 |
| Fibonacci | 0.019783 | 0.021029 | 0.021798 | 0.023043 | 0.024289 | 0.025058 | 0.026303 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007543 | 0.011427 | 0.016593 | 0.020477 | 0.025643 | 0.029527 | 0.034693 |
| Camarilla | 0.019271 | 0.020101 | 0.020930 | 0.021760 | 0.022590 | 0.023419 | 0.024249 |
| Woodie | 0.008185 | 0.011748 | 0.017235 | 0.020798 | 0.026285 | 0.029848 | 0.035335 |
| Fibonacci | 0.011427 | 0.014884 | 0.017020 | 0.020477 | 0.023934 | 0.026070 | 0.029527 |
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): | 81.25 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 28.473992 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.024786 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.024515 | |
| Elder Ray (13): | 0.000738 | |
| Super Trend (3,10): | 0.024252 | |
| Zig ZAG (10): | 0.025500 | |
| VORTEX (21): | 1.3046 | |
| Stochastique (14,3,5): | 97.45 | |
| TEMA (21): | 0.025180 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.001560 | |
| Repulse (5,40,3): | 4.4417 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1724 | |
| Courbe Coppock: | 11.92 |
| MA7: | 0.024124 | |
| MA20: | 0.022372 | |
| MA50: | 0.019058 | |
| MA100: | 0.017340 | |
| MAexp7: | 0.024879 | |
| MAexp20: | 0.024305 | |
| MAexp50: | 0.023984 | |
| MAexp100: | 0.023854 | |
| Price / MA7: | +6.78% | |
| Price / MA20: | +15.14% | |
| Price / MA50: | +35.17% | |
| Price / MA100: | +48.56% | |
| Price / MAexp7: | +3.54% | |
| Price / MAexp20: | +5.99% | |
| Price / MAexp50: | +7.40% | |
| Price / MAexp100: | +7.99% |
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.
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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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