IOTEX - IOTX/USDT - 1H - Technical analysis published on 12/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.022866 USDT
My targets
0.023760 USDT (+1.19%)
0.024393 USDT (+3.89%)
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/USDT as long as the price remains well above 0.022866 USDT. The buyers' bullish objective is set at 0.023760 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.024393 USDT. If there is any crossing, the next objective would be the resistance located at 0.024930 USDT. 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
0
10
7.3
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This analysis was given by DAVE. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTEX NETWORK - IOTX/USDT rating 0.023480 USDT. The price registered an increase of +0.17% on the session and was between 0.023250 USDT and 0.023670 USDT. This implies that the price is at +0.99% from its lowest and at -0.80% from its highest.0.023250
0.023670
0.023480
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
A technical analysis in 1H of this IOTEX NETWORK - IOTX/USDT chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.022510 | 0.022866 | 0.023408 | 0.023480 | 0.023760 | 0.024393 | 0.024930 |
| Change (%) | -4.13% | -2.61% | -0.31% | - | +1.19% | +3.89% | +6.18% |
| Change | -0.000970 | -0.000614 | -0.000072 | - | +0.000280 | +0.000913 | +0.001450 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | 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 | 0.021800 | 0.022160 | 0.022800 | 0.023160 | 0.023800 | 0.024160 | 0.024800 |
| Camarilla | 0.023165 | 0.023257 | 0.023348 | 0.023440 | 0.023532 | 0.023623 | 0.023715 |
| Woodie | 0.021940 | 0.022230 | 0.022940 | 0.023230 | 0.023940 | 0.024230 | 0.024940 |
| Fibonacci | 0.022160 | 0.022542 | 0.022778 | 0.023160 | 0.023542 | 0.023778 | 0.024160 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017977 | 0.019953 | 0.021157 | 0.023133 | 0.024337 | 0.026313 | 0.027517 |
| Camarilla | 0.021486 | 0.021777 | 0.022069 | 0.022360 | 0.022652 | 0.022943 | 0.023235 |
| Woodie | 0.017590 | 0.019760 | 0.020770 | 0.022940 | 0.023950 | 0.026120 | 0.027130 |
| Fibonacci | 0.019953 | 0.021168 | 0.021919 | 0.023133 | 0.024348 | 0.025099 | 0.026313 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000417 | 0.010187 | 0.016703 | 0.027307 | 0.033823 | 0.044427 | 0.050943 |
| Camarilla | 0.018512 | 0.020081 | 0.021651 | 0.023220 | 0.024789 | 0.026359 | 0.027928 |
| Woodie | -0.002460 | 0.009165 | 0.014660 | 0.026285 | 0.031780 | 0.043405 | 0.048900 |
| Fibonacci | 0.010187 | 0.016727 | 0.020767 | 0.027307 | 0.033847 | 0.037887 | 0.044427 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.57 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.423319 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.023504 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.023566 | |
| Elder Ray (13): | 0.000067 | |
| Super Trend (3,10): | 0.023156 | |
| Zig ZAG (10): | 0.023510 | |
| VORTEX (21): | 1.0830 | |
| Stochastique (14,3,5): | 58.24 | |
| TEMA (21): | 0.023477 | |
| Williams %R (14): | -32.43 | |
| Chande Momentum Oscillator (20): | -0.000070 | |
| Repulse (5,40,3): | 0.2444 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0486 | |
| Courbe Coppock: | 0.38 |
| MA7: | 0.022829 | |
| MA20: | 0.023566 | |
| MA50: | 0.026144 | |
| MA100: | 0.027592 | |
| MAexp7: | 0.023454 | |
| MAexp20: | 0.023411 | |
| MAexp50: | 0.023255 | |
| MAexp100: | 0.023097 | |
| Price / MA7: | +2.85% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -10.19% | |
| Price / MA100: | -14.90% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.66% |
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.
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