IOTEX - IOTX/USD - 1H - Technical analysis published on 02/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.060575 USD
My targets
0.061856 USD (+0.35%)
0.068233 USD (+10.70%)
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/USD as long as the price remains well above 0.060575 USD. The buyers' bullish objective is set at 0.061856 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.068233 USD. If there is any crossing, the next objective would be the resistance located at 0.071376 USD. 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
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IOTEX NETWORK - IOTX/USD rating is 0.061639 USD. The price registered an increase of +5.33% on the session and was traded between 0.058252 USD and 0.062987 USD over the period. The price is currently at +5.81% from its lowest and -2.14% from its highest.0.058252
0.062987
0.061639
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of IOTEX NETWORK - IOTX/USD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.055486 | 0.057933 | 0.060575 | 0.061639 | 0.068233 | 0.071376 | 0.075307 |
| Change (%) | -9.98% | -6.01% | -1.73% | - | +10.70% | +15.80% | +22.17% |
| Change | -0.006153 | -0.003706 | -0.001064 | - | +0.006594 | +0.009737 | +0.013668 |
| Level | Major | Major | Major | - | Major | Minor | Major |
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 | 0.054198 | 0.055529 | 0.057026 | 0.058357 | 0.059854 | 0.061185 | 0.062682 |
| Camarilla | 0.057744 | 0.058004 | 0.058263 | 0.058522 | 0.058781 | 0.059041 | 0.059300 |
| Woodie | 0.054280 | 0.055571 | 0.057108 | 0.058399 | 0.059936 | 0.061227 | 0.062764 |
| Fibonacci | 0.055529 | 0.056610 | 0.057277 | 0.058357 | 0.059438 | 0.060105 | 0.061185 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021839 | 0.035787 | 0.047484 | 0.061432 | 0.073129 | 0.087077 | 0.098774 |
| Camarilla | 0.052128 | 0.054478 | 0.056829 | 0.059180 | 0.061531 | 0.063882 | 0.066232 |
| Woodie | 0.020713 | 0.035224 | 0.046358 | 0.060869 | 0.072003 | 0.086514 | 0.097648 |
| Fibonacci | 0.035787 | 0.045584 | 0.051636 | 0.061432 | 0.071229 | 0.077281 | 0.087077 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021884 | 0.029264 | 0.035208 | 0.042588 | 0.048532 | 0.055912 | 0.061856 |
| Camarilla | 0.037489 | 0.038710 | 0.039932 | 0.041153 | 0.042374 | 0.043596 | 0.044817 |
| Woodie | 0.021167 | 0.028905 | 0.034491 | 0.042229 | 0.047815 | 0.055553 | 0.061139 |
| Fibonacci | 0.029264 | 0.034353 | 0.037498 | 0.042588 | 0.047677 | 0.050822 | 0.055912 |
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): | 72.08 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 32.528927 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.059923 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.058311 | |
| Elder Ray (13): | 0.002283 | |
| Super Trend (3,10): | 0.058687 | |
| Zig ZAG (10): | 0.061771 | |
| VORTEX (21): | 1.1892 | |
| Stochastique (14,3,5): | 89.51 | |
| TEMA (21): | 0.060279 | |
| Williams %R (14): | -12.85 | |
| Chande Momentum Oscillator (20): | 0.003979 | |
| Repulse (5,40,3): | 4.9293 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0574 | |
| Courbe Coppock: | 4.50 |
| MA7: | 0.058451 | |
| MA20: | 0.051886 | |
| MA50: | 0.046297 | |
| MA100: | 0.042572 | |
| MAexp7: | 0.060120 | |
| MAexp20: | 0.059259 | |
| MAexp50: | 0.058619 | |
| MAexp100: | 0.058079 | |
| Price / MA7: | +5.45% | |
| Price / MA20: | +18.80% | |
| Price / MA50: | +33.14% | |
| Price / MA100: | +44.79% | |
| Price / MAexp7: | +2.53% | |
| Price / MAexp20: | +4.02% | |
| Price / MAexp50: | +5.15% | |
| Price / MAexp100: | +6.13% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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