IOTEX - IOTX/USD - 1H - Technical analysis published on 12/26/2023 (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:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.052920 USD
My targets
0.060575 USD (+6.02%)
0.065231 USD (+14.17%)
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 0.052920 USD. The next resistance located at 0.060575 USD is the next bullish target 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 0.065231 USD. After this resistance, buyers could then target 0.088970 USD.
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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Additional analysis
Quotes
IOTEX NETWORK - IOTX/USD rating 0.057135 USD. On the day, this instrument gained +10.13% and was between 0.052156 USD and 0.058865 USD. This implies that the price is at +9.55% from its lowest and at -2.94% from its highest.0.052156
0.058865
0.057135
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of IOTEX NETWORK - IOTX/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.047796 | 0.052920 | 0.056898 | 0.057135 | 0.060575 | 0.065231 | 0.088970 |
| Change (%) | -16.35% | -7.38% | -0.41% | - | +6.02% | +14.17% | +55.72% |
| Change | -0.009339 | -0.004215 | -0.000237 | - | +0.003440 | +0.008096 | +0.031835 |
| Level | Intermediate | Major | 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 | 0.046262 | 0.047958 | 0.049919 | 0.051615 | 0.053576 | 0.055272 | 0.057233 |
| Camarilla | 0.050874 | 0.051210 | 0.051545 | 0.051880 | 0.052215 | 0.052551 | 0.052886 |
| Woodie | 0.046395 | 0.048024 | 0.050052 | 0.051681 | 0.053709 | 0.055338 | 0.057366 |
| Fibonacci | 0.047958 | 0.049355 | 0.050218 | 0.051615 | 0.053012 | 0.053875 | 0.055272 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013356 | 0.026135 | 0.039674 | 0.052453 | 0.065992 | 0.078771 | 0.092310 |
| Camarilla | 0.045977 | 0.048389 | 0.050802 | 0.053214 | 0.055627 | 0.058039 | 0.060452 |
| Woodie | 0.013737 | 0.026325 | 0.040055 | 0.052643 | 0.066373 | 0.078961 | 0.092691 |
| Fibonacci | 0.026135 | 0.036188 | 0.042399 | 0.052453 | 0.062506 | 0.068717 | 0.078771 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013573 | 0.017787 | 0.021463 | 0.025677 | 0.029353 | 0.033567 | 0.037243 |
| Camarilla | 0.022970 | 0.023694 | 0.024417 | 0.025140 | 0.025863 | 0.026587 | 0.027310 |
| Woodie | 0.013305 | 0.017653 | 0.021195 | 0.025543 | 0.029085 | 0.033433 | 0.036975 |
| Fibonacci | 0.017787 | 0.020801 | 0.022663 | 0.025677 | 0.028691 | 0.030553 | 0.033567 |
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): | 77.38 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 35.358391 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.054683 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.052152 | |
| Elder Ray (13): | 0.003169 | |
| Super Trend (3,10): | 0.053201 | |
| Zig ZAG (10): | 0.057232 | |
| VORTEX (21): | 1.2415 | |
| Stochastique (14,3,5): | 80.20 | |
| TEMA (21): | 0.055981 | |
| Williams %R (14): | -19.94 | |
| Chande Momentum Oscillator (20): | 0.004722 | |
| Repulse (5,40,3): | 4.5940 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1394 | |
| Courbe Coppock: | 13.74 |
| MA7: | 0.054787 | |
| MA20: | 0.043506 | |
| MA50: | 0.033241 | |
| MA100: | 0.025869 | |
| MAexp7: | 0.055361 | |
| MAexp20: | 0.053431 | |
| MAexp50: | 0.052883 | |
| MAexp100: | 0.052819 | |
| Price / MA7: | +4.29% | |
| Price / MA20: | +31.33% | |
| Price / MA50: | +71.88% | |
| Price / MA100: | +120.86% | |
| Price / MAexp7: | +3.20% | |
| Price / MAexp20: | +6.93% | |
| Price / MAexp50: | +8.04% | |
| Price / MAexp100: | +8.17% |
Quotes :
-
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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