IOTEX NETWORK - IOTX/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	IOTXUSD
ISIN:

IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 02/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.060575 USD

My targets

0.061856 USD (+0.35%)

0.068233 USD (+10.70%)

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 0.060575 USD. The buyers' bullish objective is set at 0.061856 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.068233 USD. If there is any crossing, the next objective would be the resistance located at 0.071376 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Comment on the analysis

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 rating is 0.061639 USD. The price registered an increase of +5.33% on the session and was traded between 0.058252 USD and 0.062987 USD over the period. The price is currently at +5.81% from its lowest and -2.14% from its highest.

0.058252

0.062987

0.061639

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of IOTEX NETWORK - IOTX/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 70

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.055486	0.057933	0.060575	0.061639	0.068233	0.071376	0.075307
Change (%)	-9.98%	-6.01%	-1.73%	-	+10.70%	+15.80%	+22.17%
Change	-0.006153	-0.003706	-0.001064	-	+0.006594	+0.009737	+0.013668
Level	Major	Major	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.054198	0.055529	0.057026	0.058357	0.059854	0.061185	0.062682
Camarilla	0.057744	0.058004	0.058263	0.058522	0.058781	0.059041	0.059300
Woodie	0.054280	0.055571	0.057108	0.058399	0.059936	0.061227	0.062764
Fibonacci	0.055529	0.056610	0.057277	0.058357	0.059438	0.060105	0.061185

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.021839	0.035787	0.047484	0.061432	0.073129	0.087077	0.098774
Camarilla	0.052128	0.054478	0.056829	0.059180	0.061531	0.063882	0.066232
Woodie	0.020713	0.035224	0.046358	0.060869	0.072003	0.086514	0.097648
Fibonacci	0.035787	0.045584	0.051636	0.061432	0.071229	0.077281	0.087077

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.021884	0.029264	0.035208	0.042588	0.048532	0.055912	0.061856
Camarilla	0.037489	0.038710	0.039932	0.041153	0.042374	0.043596	0.044817
Woodie	0.021167	0.028905	0.034491	0.042229	0.047815	0.055553	0.061139
Fibonacci	0.029264	0.034353	0.037498	0.042588	0.047677	0.050822	0.055912

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):	72.08
MACD (12,26,9):	0.0006
Directional Movement:	32.528927
AROON (14):	85.714286
DEMA (21):	0.059923
Parabolic SAR (0,02-0,02-0,2):	0.058311
Elder Ray (13):	0.002283
Super Trend (3,10):	0.058687
Zig ZAG (10):	0.061771
VORTEX (21):	1.1892
Stochastique (14,3,5):	89.51
TEMA (21):	0.060279
Williams %R (14):	-12.85
Chande Momentum Oscillator (20):	0.003979
Repulse (5,40,3):	4.9293
ROCnROLL:	1
TRIX (15,9):	0.0574
Courbe Coppock:	4.50

MA7:	0.058451
MA20:	0.051886
MA50:	0.046297
MA100:	0.042572
MAexp7:	0.060120
MAexp20:	0.059259
MAexp50:	0.058619
MAexp100:	0.058079
Price / MA7:	+5.45%
Price / MA20:	+18.80%
Price / MA50:	+33.14%
Price / MA100:	+44.79%
Price / MAexp7:	+2.53%
Price / MAexp20:	+4.02%
Price / MAexp50:	+5.15%
Price / MAexp100:	+6.13%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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