IOTEX NETWORK - IOTX/USD

- USD (-)

- Real time data - Cryptocompare

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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	IOTXUSD
ISIN:

IOTEX NETWORK - IOTX/USD - 1H - Technical analysis published on 05/16/2024 (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

89%

11%

My opinion

Bullish above 0.051322 USD

My targets

0.056374 USD (+7.06%)

0.062195 USD (+18.11%)

My analysis

IOTEX NETWORK - IOTX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.051322 USD. The next resistance located at 0.056374 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.062195 USD. After this resistance, buyers could then target 0.065619 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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

IOTEX NETWORK - IOTX/USD rating 0.052657 USD. On the day, this instrument gained +6.68% with the lowest point at 0.049358 USD and the highest point at 0.052680 USD. The deviation from the price is +6.68% for the low point and -0.04% for the high point.

0.049358

0.052680

0.052657

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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:

Technical

Technical analysis of IOTEX NETWORK - IOTX/USD in 1H shows a strongly overall bullish trend. 85.71% 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.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.049876	0.050716	0.051322	0.052657	0.052741	0.065619	0.077520
Change (%)	-5.28%	-3.69%	-2.54%	-	+0.16%	+24.62%	+47.22%
Change	-0.002781	-0.001941	-0.001335	-	+0.000084	+0.012962	+0.024863
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate	Minor

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	0.043195	0.044626	0.046993	0.048424	0.050791	0.052222	0.054589
Camarilla	0.048317	0.048665	0.049013	0.049361	0.049709	0.050057	0.050406
Woodie	0.043664	0.044860	0.047462	0.048658	0.051260	0.052456	0.055058
Fibonacci	0.044626	0.046077	0.046973	0.048424	0.049875	0.050771	0.052222

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.036678	0.042499	0.046526	0.052347	0.056374	0.062195	0.066222
Camarilla	0.047846	0.048749	0.049651	0.050554	0.051457	0.052360	0.053262
Woodie	0.035782	0.042051	0.045630	0.051899	0.055478	0.061747	0.065326
Fibonacci	0.042499	0.046261	0.048585	0.052347	0.056109	0.058433	0.062195

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.020486	0.013811	0.034068	0.068365	0.088622	0.122919	0.143176
Camarilla	0.039324	0.044324	0.049325	0.054326	0.059327	0.064328	0.069328
Woodie	-0.027505	0.010301	0.027049	0.064855	0.081603	0.119409	0.136157
Fibonacci	0.013811	0.034650	0.047525	0.068365	0.089204	0.102079	0.122919

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	83.50
MACD (12,26,9):	0.0011
Directional Movement:	41.340892
AROON (14):	100.000000
DEMA (21):	0.050846
Parabolic SAR (0,02-0,02-0,2):	0.049897
Elder Ray (13):	0.001867
Super Trend (3,10):	0.050425
Zig ZAG (10):	0.052306
VORTEX (21):	1.4235
Stochastique (14,3,5):	98.83
TEMA (21):	0.051737
Williams %R (14):	-0.09
Chande Momentum Oscillator (20):	0.003295
Repulse (5,40,3):	3.1805
ROCnROLL:	1
TRIX (15,9):	0.2155
Courbe Coppock:	12.75

MA7:	0.049794
MA20:	0.053909
MA50:	0.062452
MA100:	0.062383
MAexp7:	0.051076
MAexp20:	0.049629
MAexp50:	0.048841
MAexp100:	0.049145
Price / MA7:	+5.75%
Price / MA20:	-2.32%
Price / MA50:	-15.68%
Price / MA100:	-15.59%
Price / MAexp7:	+3.10%
Price / MAexp20:	+6.10%
Price / MAexp50:	+7.81%
Price / MAexp100:	+7.15%

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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