IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 01/16/2024 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 0.041793 USD and 0.044637 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.044637 USD. The first support is located at 0.041793 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by IOTEX NETWORK - IOTX/USD.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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.
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 0.043307 USD. The price registered an increase of +1.80% on the session with the lowest point at 0.042540 USD and the highest point at 0.043574 USD. The deviation from the price is +1.80% for the low point and -0.61% for the high point.0.042540
0.043574
0.043307
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:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this IOTEX NETWORK - IOTX/USD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.036643 | 0.038750 | 0.041793 | 0.043307 | 0.044637 | 0.047029 | 0.049259 |
| Change (%) | -15.39% | -10.52% | -3.50% | - | +3.07% | +8.59% | +13.74% |
| Change | -0.006664 | -0.004557 | -0.001514 | - | +0.001330 | +0.003722 | +0.005952 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038915 | 0.039998 | 0.041270 | 0.042353 | 0.043625 | 0.044708 | 0.045980 |
| Camarilla | 0.041893 | 0.042109 | 0.042325 | 0.042541 | 0.042757 | 0.042973 | 0.043189 |
| Woodie | 0.039009 | 0.040045 | 0.041364 | 0.042400 | 0.043719 | 0.044755 | 0.046074 |
| Fibonacci | 0.039998 | 0.040898 | 0.041454 | 0.042353 | 0.043253 | 0.043809 | 0.044708 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024611 | 0.030627 | 0.037227 | 0.043243 | 0.049843 | 0.055859 | 0.062459 |
| Camarilla | 0.040358 | 0.041514 | 0.042671 | 0.043827 | 0.044984 | 0.046140 | 0.047296 |
| Woodie | 0.024903 | 0.030773 | 0.037519 | 0.043389 | 0.050135 | 0.056005 | 0.062751 |
| Fibonacci | 0.030627 | 0.035446 | 0.038424 | 0.043243 | 0.048062 | 0.051040 | 0.055859 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.012154 | 0.006273 | 0.028377 | 0.046804 | 0.068908 | 0.087335 | 0.109439 |
| Camarilla | 0.039335 | 0.043050 | 0.046766 | 0.050481 | 0.054196 | 0.057912 | 0.061627 |
| Woodie | -0.010316 | 0.007192 | 0.030216 | 0.047723 | 0.070747 | 0.088254 | 0.111278 |
| Fibonacci | 0.006273 | 0.021756 | 0.031321 | 0.046804 | 0.062287 | 0.071852 | 0.087335 |
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): | 55.20 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.822714 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.042637 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.042003 | |
| Elder Ray (13): | 0.000224 | |
| Super Trend (3,10): | 0.041899 | |
| Zig ZAG (10): | 0.043048 | |
| VORTEX (21): | 0.9502 | |
| Stochastique (14,3,5): | 56.14 | |
| TEMA (21): | 0.042812 | |
| Williams %R (14): | -0.87 | |
| Chande Momentum Oscillator (20): | 0.000603 | |
| Repulse (5,40,3): | 2.6708 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0029 | |
| Courbe Coppock: | 0.65 |
| MA7: | 0.043585 | |
| MA20: | 0.046100 | |
| MA50: | 0.042232 | |
| MA100: | 0.032234 | |
| MAexp7: | 0.042805 | |
| MAexp20: | 0.042647 | |
| MAexp50: | 0.042821 | |
| MAexp100: | 0.043128 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -6.06% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | +34.35% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +1.55% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +0.42% |
Quotes :
-
Real time data
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Cryptocompare
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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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