IOTA - IOTA/USDT

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Type:	Cryptocurrencies
Ticker:	IOTAUSDT
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IOTA - IOTA/USDT - Daily - Technical analysis published on 09/03/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

17%

50%

33%

My opinion

Bullish above 0.282167 USDT

My targets

0.371300 USDT (+11.03%)

0.417300 USDT (+24.79%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.282167 USDT remains possible. It is advisable to trade IOTA - MIOTA/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.282167 USDT. The next bullish objective for buyers is set at 0.371300 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.417300 USDT. If there is any crossing, the next objective would be the resistance located at 0.925000 USDT. PS: if there is a bearish break in the support located at 0.282167 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

0.7

Comment on the analysis

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The IOTA - MIOTA/USDT price is 0.334400 USDT. The price registered a decrease of -1.01% on the session and was between 0.320600 USDT and 0.341600 USDT. This implies that the price is at +4.30% from its lowest and at -2.11% from its highest.

0.320600

0.341600

0.334400

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this IOTA - MIOTA/USDT 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.148871	0.202980	0.232336	0.334400	0.371300	0.417300	0.925000
Change (%)	-55.48%	-39.30%	-30.52%	-	+11.03%	+24.79%	+176.61%
Change	-0.185529	-0.131420	-0.102064	-	+0.036900	+0.082900	+0.590600
Level	Minor	Intermediate	Major	-	Minor	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	0.267133	0.293467	0.315633	0.341967	0.364133	0.390467	0.412633
Camarilla	0.324463	0.328908	0.333354	0.337800	0.342246	0.346692	0.351138
Woodie	0.265050	0.292425	0.313550	0.340925	0.362050	0.389425	0.410550
Fibonacci	0.293467	0.311994	0.323440	0.341967	0.360494	0.371940	0.390467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.238200	0.279800	0.323000	0.364600	0.407800	0.449400	0.492600
Camarilla	0.342880	0.350653	0.358427	0.366200	0.373973	0.381747	0.389520
Woodie	0.239000	0.280200	0.323800	0.365000	0.408600	0.449800	0.493400
Fibonacci	0.279800	0.312194	0.332206	0.364600	0.396994	0.417006	0.449400

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.125667	0.203633	0.282167	0.360133	0.438667	0.516633	0.595167
Camarilla	0.317663	0.332008	0.346354	0.360700	0.375046	0.389392	0.403738
Woodie	0.125950	0.203775	0.282450	0.360275	0.438950	0.516775	0.595450
Fibonacci	0.203633	0.263416	0.300350	0.360133	0.419916	0.456850	0.516633

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):	42.23
MACD (12,26,9):	0.0013
Directional Movement:	-4.385868
AROON (14):	-85.714283
DEMA (21):	0.365282
Parabolic SAR (0,02-0,02-0,2):	0.378649
Elder Ray (13):	-0.026103
Super Trend (3,10):	0.417491
Zig ZAG (10):	0.328400
VORTEX (21):	0.9411
Stochastique (14,3,5):	19.89
TEMA (21):	0.348494
Williams %R (14):	-92.65
Chande Momentum Oscillator (20):	-0.074600
Repulse (5,40,3):	-7.7546
ROCnROLL:	-1
TRIX (15,9):	0.4311
Courbe Coppock:	21.67

MA7:	0.353086
MA20:	0.373985
MA50:	0.329816
MA100:	0.279588
MAexp7:	0.350057
MAexp20:	0.358035
MAexp50:	0.332908
MAexp100:	0.294542
Price / MA7:	-5.29%
Price / MA20:	-10.58%
Price / MA50:	+1.39%
Price / MA100:	+19.60%
Price / MAexp7:	-4.47%
Price / MAexp20:	-6.60%
Price / MAexp50:	+0.45%
Price / MAexp100:	+13.53%

Quotes : 2020-09-03 09:03:33 - Real time data - Cryptocompare

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

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