IOTA - MIOTA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	MIOTAUSD
ISIN:

IOTA - MIOTA/USD - 1H - Technical analysis published on 04/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.237610 USD

My targets

0.259378 USD (+4.99%)

0.265239 USD (+7.36%)

My analysis

The basic bullish trend is very strong on IOTA - MIOTA/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.237610 USD. Crossing the first resistance at 0.259378 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.265239 USD as an objective. Crossing it would then enable buyers to target 0.329419 USD. Caution, a return to below 0.237610 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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

IOTA - MIOTA/USD rating 0.247058 USD. The price registered a decrease of -0.13% on the session and was traded between 0.237173 USD and 0.248446 USD over the period. The price is currently at +4.17% from its lowest and -0.56% from its highest.

0.237173

0.248446

0.247058

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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 IOTA - MIOTA/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

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:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.223750	0.231441	0.237610	0.247058	0.247960	0.265239	0.329419
Change (%)	-9.43%	-6.32%	-3.82%	-	+0.37%	+7.36%	+33.34%
Change	-0.023308	-0.015617	-0.009448	-	+0.000902	+0.018181	+0.082361
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

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	0.227718	0.232167	0.239769	0.244218	0.251820	0.256269	0.263871
Camarilla	0.244057	0.245162	0.246266	0.247371	0.248476	0.249580	0.250685
Woodie	0.229295	0.232955	0.241346	0.245006	0.253397	0.257057	0.265448
Fibonacci	0.232167	0.236771	0.239615	0.244218	0.248822	0.251666	0.256269

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.171492	0.187420	0.215435	0.231363	0.259378	0.275306	0.303321
Camarilla	0.231366	0.235394	0.239422	0.243450	0.247478	0.251506	0.255534
Woodie	0.177536	0.190442	0.221479	0.234385	0.265422	0.278328	0.309365
Fibonacci	0.187420	0.204206	0.214577	0.231363	0.248149	0.258520	0.275306

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.118890	0.193237	0.271477	0.345824	0.424064	0.498411	0.576651
Camarilla	0.307757	0.321744	0.335731	0.349718	0.363705	0.377692	0.391679
Woodie	0.120838	0.194210	0.273425	0.346797	0.426012	0.499384	0.578599
Fibonacci	0.193237	0.251525	0.287535	0.345824	0.404112	0.440122	0.498411

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):	57.36
MACD (12,26,9):	0.0009
Directional Movement:	7.609574
AROON (14):	14.285715
DEMA (21):	0.243973
Parabolic SAR (0,02-0,02-0,2):	0.238472
Elder Ray (13):	0.002065
Super Trend (3,10):	0.236294
Zig ZAG (10):	0.246791
VORTEX (21):	0.9956
Stochastique (14,3,5):	82.99
TEMA (21):	0.244558
Williams %R (14):	-13.06
Chande Momentum Oscillator (20):	0.000779
Repulse (5,40,3):	2.6189
ROCnROLL:	1
TRIX (15,9):	0.0022
Courbe Coppock:	0.69

MA7:	0.234052
MA20:	0.263211
MA50:	0.309726
MA100:	0.284716
MAexp7:	0.244912
MAexp20:	0.243038
MAexp50:	0.241680
MAexp100:	0.238620
Price / MA7:	+5.56%
Price / MA20:	-6.14%
Price / MA50:	-20.23%
Price / MA100:	-13.23%
Price / MAexp7:	+0.88%
Price / MAexp20:	+1.65%
Price / MAexp50:	+2.23%
Price / MAexp100:	+3.54%

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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