IOTEX - IOTX/USD - 1H - Technical analysis published on 03/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.060575 USD
My targets
0.061432 USD (+0.54%)
0.064489 USD (+5.54%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on IOTEX NETWORK - IOTX/USD. As long as you are above the support located at 0.060575 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.061432 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.064489 USD as an objective. Crossing it would then enable buyers to target 0.068233 USD. If the support 0.060575 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
0
10
4.3
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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 price is 0.061101 USD. The price registered a decrease of -0.33% on the session and was between 0.060007 USD and 0.062574 USD. This implies that the price is at +1.82% from its lowest and at -2.35% from its highest.0.060007
0.062574
0.061101
Here is a more detailed summary of the historical variations registered by IOTEX NETWORK - IOTX/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this IOTEX NETWORK - IOTX/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. 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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.056377 | 0.057664 | 0.060575 | 0.061101 | 0.064489 | 0.068233 | 0.088970 |
| Change (%) | -7.73% | -5.63% | -0.86% | - | +5.54% | +11.67% | +45.61% |
| Change | -0.004724 | -0.003437 | -0.000526 | - | +0.003388 | +0.007132 | +0.027869 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057232 | 0.058318 | 0.059809 | 0.060895 | 0.062386 | 0.063472 | 0.064963 |
| Camarilla | 0.060591 | 0.060828 | 0.061064 | 0.061300 | 0.061536 | 0.061773 | 0.062009 |
| Woodie | 0.057435 | 0.058419 | 0.060012 | 0.060996 | 0.062589 | 0.063573 | 0.065166 |
| Fibonacci | 0.058318 | 0.059302 | 0.059911 | 0.060895 | 0.061879 | 0.062488 | 0.063472 |
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 | 0.006012 | 0.022955 | 0.041495 | 0.058438 | 0.076978 | 0.093921 | 0.112461 |
| Camarilla | 0.050277 | 0.053530 | 0.056782 | 0.060035 | 0.063288 | 0.066540 | 0.069793 |
| Woodie | 0.006811 | 0.023354 | 0.042294 | 0.058837 | 0.077777 | 0.094320 | 0.113260 |
| Fibonacci | 0.022955 | 0.036510 | 0.044884 | 0.058438 | 0.071993 | 0.080367 | 0.093921 |
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): | 56.91 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 14.957579 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.061332 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.059428 | |
| Elder Ray (13): | 0.000512 | |
| Super Trend (3,10): | 0.059632 | |
| Zig ZAG (10): | 0.061900 | |
| VORTEX (21): | 1.0484 | |
| Stochastique (14,3,5): | 76.08 | |
| TEMA (21): | 0.061441 | |
| Williams %R (14): | -28.13 | |
| Chande Momentum Oscillator (20): | 0.000491 | |
| Repulse (5,40,3): | 1.0406 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0113 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.060137 | |
| MA20: | 0.056130 | |
| MA50: | 0.047912 | |
| MA100: | 0.044365 | |
| MAexp7: | 0.061389 | |
| MAexp20: | 0.061103 | |
| MAexp50: | 0.060960 | |
| MAexp100: | 0.060590 | |
| Price / MA7: | +1.60% | |
| Price / MA20: | +8.86% | |
| Price / MA50: | +27.53% | |
| Price / MA100: | +37.72% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.84% |
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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