IOT CHAIN - ITC/USDT
IOT CHAIN - ITC/USDT
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ITCUSDT
ISIN:

IOT CHAIN - ITC/USDT - Daily - Technical analysis published on 01/28/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.115233 USDT
My targets
0.098468 USDT (-8.32%)
My analysis
The bearish trend is currently very strong for IOT CHAIN - ITC/USDT. As long as the price remains below the resistance at 0.115233 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.098468 USDT. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.7

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 Vincent Launay.

Additional analysis

Quotes

The IOT CHAIN - ITC/USDT rating is 0.107400 USDT. On the day, this instrument gained -0.83% with the lowest point at 0.104900 USDT and the highest point at 0.116200 USDT. The deviation from the price is +2.38% for the low point and -7.57% for the high point.

0.104900
0.116200
0.107400

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes on IOT CHAIN - ITC/USDT were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Daily of this IOT CHAIN - ITC/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.098468 0.107400 0.129008 0.160567 0.207100
Change (%) -8.32% - +20.12% +49.50% +92.83%
Change -0.008932 - +0.021608 +0.053167 +0.099700
Level Major - Intermediate 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
Standard0.1036000.1055000.1069000.1088000.1102000.1121000.113500
Camarilla0.1073930.1076950.1079980.1083000.1086030.1089050.109208
Woodie0.1033500.1053750.1066500.1086750.1099500.1119750.113250
Fibonacci0.1055000.1067610.1075390.1088000.1100610.1108390.112100


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0606330.0782670.0908330.1084670.1210330.1386670.151233
Camarilla0.0950950.0978630.1006320.1034000.1061680.1089370.111705
Woodie0.0581000.0770000.0883000.1072000.1185000.1374000.148700
Fibonacci0.0782670.0898030.0969300.1084670.1200030.1271300.138667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0269670.0597330.0824670.1152330.1379670.1707330.193467
Camarilla0.0899380.0950250.1001130.1052000.1102880.1153750.120463
Woodie0.0219500.0572250.0774500.1127250.1329500.1682250.188450
Fibonacci0.0597330.0809340.0940320.1152330.1364340.1495320.170733

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.37
MACD (12,26,9): -0.0007
Directional Movement: 2.461231
AROON (14): -35.714283
DEMA (21): 0.110842
Parabolic SAR (0,02-0,02-0,2): 0.125218
Elder Ray (13): -0.000009
Super Trend (3,10): 0.099107
Zig ZAG (10): 0.106700
VORTEX (21): 0.9783
Stochastique (14,3,5): 30.37
TEMA (21): 0.109555
Williams %R (14): -67.36
Chande Momentum Oscillator (20): -0.003100
Repulse (5,40,3): -7.6891
ROCnROLL: 2
TRIX (15,9): 0.1442
Courbe Coppock: 3.34
MA7: 0.107914
MA20: 0.112835
MA50: 0.109049
MA100: 0.114684
MAexp7: 0.108763
MAexp20: 0.111057
MAexp50: 0.111809
MAexp100: 0.121041
Price / MA7: -0.48%
Price / MA20: -4.82%
Price / MA50: -1.51%
Price / MA100: -6.35%
Price / MAexp7: -1.25%
Price / MAexp20: -3.29%
Price / MAexp50: -3.94%
Price / MAexp100: -11.27%

This member declared not having a position on this financial instrument or a related financial instrument.

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