IOTEX - IOTX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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

Type:	Cryptocurrencies
Ticker:	IOTXUSDT
ISIN:

IOTEX - IOTX/USDT - Daily - Technical analysis published on 04/17/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 0.059806 USDT

My targets

0.052433 USDT (-0.76%)

0.039856 USDT (-24.56%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IOTEX NETWORK - IOTX/USDT as long as the price remains well below 0.059806 USDT. The sellers' bearish objective is set at 0.052433 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.039856 USDT. In case of crossing, the next objective would be the support located at 0.022815 USDT.

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

Force

4.6

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The IOTEX NETWORK - IOTX/USDT price is 0.052834 USDT. The price is lower by -1.71% since the last closing with the lowest point at 0.052586 USDT and the highest point at 0.053913 USDT. The deviation from the price is +0.47% for the low point and -2.00% for the high point.

0.052586

0.053913

0.052834

Here is a more detailed summary of the historical variations registered by IOTEX NETWORK - IOTX/USDT:

Abnormal volumes on IOTEX NETWORK - IOTX/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of IOTEX NETWORK - IOTX/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

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

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.022815	0.039856	0.052293	0.052834	0.059806	0.066470	0.077495
Change (%)	-56.82%	-24.56%	-1.02%	-	+13.20%	+25.81%	+46.68%
Change	-0.030019	-0.012978	-0.000541	-	+0.006972	+0.013636	+0.024661
Level	Major	Major	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.047055	0.048879	0.051316	0.053140	0.055577	0.057401	0.059838
Camarilla	0.052580	0.052971	0.053361	0.053752	0.054143	0.054533	0.054924
Woodie	0.047361	0.049032	0.051622	0.053293	0.055883	0.057554	0.060144
Fibonacci	0.048879	0.050507	0.051513	0.053140	0.054768	0.055774	0.057401

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.005511	0.019429	0.035095	0.060035	0.075701	0.100641	0.116307
Camarilla	0.039594	0.043317	0.047039	0.050761	0.054483	0.058205	0.061928
Woodie	-0.010148	0.017111	0.030458	0.057717	0.071064	0.098323	0.111670
Fibonacci	0.019429	0.034941	0.044524	0.060035	0.075547	0.085130	0.100641

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.009820	0.029958	0.052433	0.072571	0.095046	0.115184	0.137659
Camarilla	0.063190	0.067097	0.071003	0.074909	0.078815	0.082721	0.086628
Woodie	0.010990	0.030542	0.053603	0.073155	0.096216	0.115768	0.138829
Fibonacci	0.029958	0.046236	0.056293	0.072571	0.088849	0.098906	0.115184

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):	36.44
MACD (12,26,9):	-0.0047
Directional Movement:	-14.580123
AROON (14):	-35.714285
DEMA (21):	0.060992
Parabolic SAR (0,02-0,02-0,2):	0.078418
Elder Ray (13):	-0.009376
Super Trend (3,10):	0.076560
Zig ZAG (10):	0.052907
VORTEX (21):	0.8811
Stochastique (14,3,5):	21.71
TEMA (21):	0.054915
Williams %R (14):	-78.87
Chande Momentum Oscillator (20):	-0.017259
Repulse (5,40,3):	-7.5833
ROCnROLL:	2
TRIX (15,9):	-0.3166
Courbe Coppock:	43.61

MA7:	0.057170
MA20:	0.069125
MA50:	0.069569
MA100:	0.057941
MAexp7:	0.057703
MAexp20:	0.065530
MAexp50:	0.066052
MAexp100:	0.059454
Price / MA7:	-7.58%
Price / MA20:	-23.57%
Price / MA50:	-24.06%
Price / MA100:	-8.81%
Price / MAexp7:	-8.44%
Price / MAexp20:	-19.37%
Price / MAexp50:	-20.01%
Price / MAexp100:	-11.13%

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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