IOTEX - IOTX/USD - 1H - Technical analysis published on 06/16/2024 (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:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.048996 USD
My targets
0.049968 USD (+1.27%)
0.052741 USD (+6.89%)
My analysis
The strong short-term increase in IOTEX NETWORK - IOTX/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.048996 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.049968 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.052741 USD as an objective. Crossing it would then enable buyers to target 0.055118 USD. Caution, a return under 0.048996 USD could jeopardize the reversal.
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
3.4
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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 0.049343 USD. On the day, this instrument gained +2.03% and was between 0.047893 USD and 0.049403 USD. This implies that the price is at +3.03% from its lowest and at -0.12% from its highest.0.047893
0.049403
0.049343
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IOTEX NETWORK - IOTX/USD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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 under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.039283 | 0.047040 | 0.048996 | 0.049343 | 0.052741 | 0.055118 | 0.060575 |
| Change (%) | -20.39% | -4.67% | -0.70% | - | +6.89% | +11.70% | +22.76% |
| Change | -0.010060 | -0.002303 | -0.000347 | - | +0.003398 | +0.005775 | +0.011232 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | 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 | 0.045497 | 0.046436 | 0.047399 | 0.048338 | 0.049301 | 0.050240 | 0.051203 |
| Camarilla | 0.047838 | 0.048012 | 0.048187 | 0.048361 | 0.048535 | 0.048710 | 0.048884 |
| Woodie | 0.045508 | 0.046442 | 0.047410 | 0.048344 | 0.049312 | 0.050246 | 0.051214 |
| Fibonacci | 0.046436 | 0.047163 | 0.047612 | 0.048338 | 0.049065 | 0.049514 | 0.050240 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036286 | 0.041382 | 0.044872 | 0.049968 | 0.053458 | 0.058554 | 0.062044 |
| Camarilla | 0.046000 | 0.046787 | 0.047574 | 0.048361 | 0.049148 | 0.049935 | 0.050722 |
| Woodie | 0.035482 | 0.040981 | 0.044068 | 0.049567 | 0.052654 | 0.058153 | 0.061240 |
| Fibonacci | 0.041382 | 0.044662 | 0.046689 | 0.049968 | 0.053248 | 0.055275 | 0.058554 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033819 | 0.039937 | 0.048948 | 0.055066 | 0.064077 | 0.070195 | 0.079206 |
| Camarilla | 0.053798 | 0.055184 | 0.056571 | 0.057958 | 0.059345 | 0.060732 | 0.062119 |
| Woodie | 0.035265 | 0.040660 | 0.050394 | 0.055789 | 0.065523 | 0.070918 | 0.080652 |
| Fibonacci | 0.039937 | 0.045717 | 0.049287 | 0.055066 | 0.060846 | 0.064416 | 0.070195 |
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): | 60.91 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 8.330368 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.048794 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.048152 | |
| Elder Ray (13): | 0.000407 | |
| Super Trend (3,10): | 0.048188 | |
| Zig ZAG (10): | 0.049182 | |
| VORTEX (21): | 1.1145 | |
| Stochastique (14,3,5): | 87.66 | |
| TEMA (21): | 0.049023 | |
| Williams %R (14): | -6.87 | |
| Chande Momentum Oscillator (20): | 0.000862 | |
| Repulse (5,40,3): | 0.7511 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0132 | |
| Courbe Coppock: | 0.65 |
| MA7: | 0.049821 | |
| MA20: | 0.055398 | |
| MA50: | 0.054107 | |
| MA100: | 0.062225 | |
| MAexp7: | 0.048950 | |
| MAexp20: | 0.048675 | |
| MAexp50: | 0.048786 | |
| MAexp100: | 0.049697 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -10.93% | |
| Price / MA50: | -8.80% | |
| Price / MA100: | -20.70% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +1.37% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | -0.71% |
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.
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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