IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 12/16/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.037000 USD
My targets
0.038750 USD (+1.55%)
0.039253 USD (+2.87%)
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 0.037000 USD. The buyers' bullish objective is set at 0.038750 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.039253 USD. If there is any crossing, the next objective would be the resistance located at 0.042931 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
4.3
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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 rating is 0.038159 USD. The price registered a decrease of -0.79% on the session and was traded between 0.037242 USD and 0.040532 USD over the period. The price is currently at +2.46% from its lowest and -5.85% from its highest.0.037242
0.040532
0.038159
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of IOTEX NETWORK - IOTX/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.033539 | 0.035743 | 0.037000 | 0.038159 | 0.038750 | 0.042931 | 0.088970 |
| Change (%) | -12.11% | -6.33% | -3.04% | - | +1.55% | +12.51% | +133.16% |
| Change | -0.004620 | -0.002416 | -0.001159 | - | +0.000591 | +0.004772 | +0.050811 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 0.024919 | 0.029415 | 0.033939 | 0.038435 | 0.042959 | 0.047455 | 0.051979 |
| Camarilla | 0.035983 | 0.036809 | 0.037636 | 0.038463 | 0.039290 | 0.040117 | 0.040944 |
| Woodie | 0.024933 | 0.029422 | 0.033953 | 0.038442 | 0.042973 | 0.047462 | 0.051993 |
| Fibonacci | 0.029415 | 0.032861 | 0.034989 | 0.038435 | 0.041881 | 0.044009 | 0.047455 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.009833 | 0.008243 | 0.021177 | 0.039253 | 0.052187 | 0.070263 | 0.083197 |
| Camarilla | 0.025582 | 0.028425 | 0.031267 | 0.034110 | 0.036953 | 0.039795 | 0.042638 |
| Woodie | -0.012405 | 0.006958 | 0.018605 | 0.037968 | 0.049615 | 0.068978 | 0.080625 |
| Fibonacci | 0.008243 | 0.020089 | 0.027408 | 0.039253 | 0.051099 | 0.058418 | 0.070263 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012290 | 0.016760 | 0.020950 | 0.025420 | 0.029610 | 0.034080 | 0.038270 |
| Camarilla | 0.022759 | 0.023552 | 0.024346 | 0.025140 | 0.025934 | 0.026728 | 0.027522 |
| Woodie | 0.012150 | 0.016690 | 0.020810 | 0.025350 | 0.029470 | 0.034010 | 0.038130 |
| Fibonacci | 0.016760 | 0.020068 | 0.022112 | 0.025420 | 0.028728 | 0.030772 | 0.034080 |
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): | 54.36 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 15.453517 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.039515 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.041991 | |
| Elder Ray (13): | -0.000145 | |
| Super Trend (3,10): | 0.036819 | |
| Zig ZAG (10): | 0.038387 | |
| VORTEX (21): | 1.1065 | |
| Stochastique (14,3,5): | 37.03 | |
| TEMA (21): | 0.039383 | |
| Williams %R (14): | -74.11 | |
| Chande Momentum Oscillator (20): | 0.000508 | |
| Repulse (5,40,3): | -3.8935 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5017 | |
| Courbe Coppock: | 8.95 |
| MA7: | 0.034360 | |
| MA20: | 0.031951 | |
| MA50: | 0.027393 | |
| MA100: | 0.022148 | |
| MAexp7: | 0.038634 | |
| MAexp20: | 0.038091 | |
| MAexp50: | 0.036155 | |
| MAexp100: | 0.034812 | |
| Price / MA7: | +11.06% | |
| Price / MA20: | +19.43% | |
| Price / MA50: | +39.30% | |
| Price / MA100: | +72.29% | |
| Price / MAexp7: | -1.23% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +5.54% | |
| Price / MAexp100: | +9.61% |
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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