IOTA - MIOTA/USD - 1H - Technical analysis published on 10/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.153298 USD
My targets
0.157950 USD (+0.67%)
0.161226 USD (+2.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IOTA - MIOTA/USD as long as the price remains well above 0.153298 USD. The buyers' bullish objective is set at 0.157950 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.161226 USD. If there is any crossing, the next objective would be the resistance located at 0.175241 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 sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTA - MIOTA/USD rating 0.156905 USD. The price is lower by -0.13% since the last closing and was between 0.152208 USD and 0.157121 USD. This implies that the price is at +3.09% from its lowest and at -0.14% from its highest.0.152208
0.157121
0.156905
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of IOTA - MIOTA/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.143690 | 0.148639 | 0.153298 | 0.156905 | 0.157950 | 0.161226 | 0.175241 |
| Change (%) | -8.42% | -5.27% | -2.30% | - | +0.67% | +2.75% | +11.69% |
| Change | -0.013215 | -0.008266 | -0.003607 | - | +0.001045 | +0.004321 | +0.018336 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.141712 | 0.146809 | 0.151956 | 0.157053 | 0.162200 | 0.167297 | 0.172444 |
| Camarilla | 0.154286 | 0.155225 | 0.156164 | 0.157103 | 0.158042 | 0.158981 | 0.159920 |
| Woodie | 0.141737 | 0.146822 | 0.151981 | 0.157066 | 0.162225 | 0.167310 | 0.172469 |
| Fibonacci | 0.146809 | 0.150722 | 0.153140 | 0.157053 | 0.160966 | 0.163384 | 0.167297 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.047727 | 0.045154 | 0.097378 | 0.190259 | 0.242483 | 0.335364 | 0.387588 |
| Camarilla | 0.109697 | 0.122998 | 0.136300 | 0.149601 | 0.162902 | 0.176204 | 0.189505 |
| Woodie | -0.068057 | 0.034990 | 0.077049 | 0.180095 | 0.222154 | 0.325200 | 0.367259 |
| Fibonacci | 0.045154 | 0.100584 | 0.134829 | 0.190259 | 0.245689 | 0.279934 | 0.335364 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.098019 | 0.121169 | 0.137480 | 0.160630 | 0.176941 | 0.200091 | 0.216402 |
| Camarilla | 0.142940 | 0.146558 | 0.150175 | 0.153792 | 0.157409 | 0.161027 | 0.164644 |
| Woodie | 0.094601 | 0.119459 | 0.134062 | 0.158920 | 0.173523 | 0.198381 | 0.212984 |
| Fibonacci | 0.121169 | 0.136243 | 0.145556 | 0.160630 | 0.175704 | 0.185017 | 0.200091 |
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): | 51.25 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -7.800855 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.156458 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.157321 | |
| Elder Ray (13): | -0.000640 | |
| Super Trend (3,10): | 0.159820 | |
| Zig ZAG (10): | 0.157005 | |
| VORTEX (21): | 0.9474 | |
| Stochastique (14,3,5): | 57.98 | |
| TEMA (21): | 0.156045 | |
| Williams %R (14): | -10.72 | |
| Chande Momentum Oscillator (20): | 0.001677 | |
| Repulse (5,40,3): | 2.2645 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.154187 | |
| MA20: | 0.150793 | |
| MA50: | 0.155062 | |
| MA100: | 0.160854 | |
| MAexp7: | 0.156222 | |
| MAexp20: | 0.156455 | |
| MAexp50: | 0.156012 | |
| MAexp100: | 0.154749 | |
| Price / MA7: | +1.76% | |
| Price / MA20: | +4.05% | |
| Price / MA50: | +1.19% | |
| Price / MA100: | -2.46% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.39% |
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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