IOTA - IOTA/USDT - Weekly - Technical analysis published on 02/15/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.022000 USDT
My targets
0.719867 USDT (-16.66%)
0.580800 USDT (-32.76%)
My analysis
The strong short-term decline of IOTA - MIOTA/USDT reinforces the current slightly bearish trend. As long as the price remains below 1.022000 USDT, you could take advantage of this bearish acceleration. The first bearish objective is located at 0.719867 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.580800 USDT as an objective. Crossing it would then enable sellers to target 0.331640 USDT. A return to above 1.022000 USDT would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IOTA - MIOTA/USDT price is 0.863800 USDT. Over 5 days, this instrument lost -12.46% and was traded between 0.846700 USDT and 1.022000 USDT over the period. The price is currently at +2.02% from its lowest point and -15.48% from its highest point.0.846700
1.022000
0.863800
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IOTA - MIOTA/USDT:
Technical
Technical analysis of this Weekly chart of IOTA - MIOTA/USDT indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.109400 | 0.331640 | 0.580800 | 0.863800 | 1.022000 | 1.577000 | 1.970000 |
| Change (%) | -87.34% | -61.61% | -32.76% | - | +18.31% | +82.57% | +128.06% |
| Change | -0.754400 | -0.532160 | -0.283000 | - | +0.158200 | +0.713200 | +1.106200 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.769900 | 0.792400 | 0.818900 | 0.841400 | 0.867900 | 0.890400 | 0.916900 |
| Camarilla | 0.831925 | 0.836417 | 0.840908 | 0.845400 | 0.849892 | 0.854383 | 0.858875 |
| Woodie | 0.771900 | 0.793400 | 0.820900 | 0.842400 | 0.869900 | 0.891400 | 0.918900 |
| Fibonacci | 0.792400 | 0.811118 | 0.822682 | 0.841400 | 0.860118 | 0.871682 | 0.890400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.593033 | 0.719867 | 0.797333 | 0.924167 | 1.001633 | 1.128467 | 1.205933 |
| Camarilla | 0.818618 | 0.837345 | 0.856073 | 0.874800 | 0.893528 | 0.912255 | 0.930983 |
| Woodie | 0.568350 | 0.707525 | 0.772650 | 0.911825 | 0.976950 | 1.116125 | 1.181250 |
| Fibonacci | 0.719867 | 0.797909 | 0.846124 | 0.924167 | 1.002209 | 1.050424 | 1.128467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.182467 | 0.256067 | 0.544933 | 0.983467 | 1.272333 | 1.710867 | 1.999733 |
| Camarilla | 0.633765 | 0.700443 | 0.767122 | 0.833800 | 0.900478 | 0.967157 | 1.033835 |
| Woodie | -0.257300 | 0.218650 | 0.470100 | 0.946050 | 1.197500 | 1.673450 | 1.924900 |
| Fibonacci | 0.256067 | 0.533934 | 0.705600 | 0.983467 | 1.261334 | 1.433000 | 1.710867 |
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): | 42.74 | |
| MACD (12,26,9): | -0.0844 | |
| Directional Movement: | 0.380028 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.999305 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.750470 | |
| Elder Ray (13): | -0.173994 | |
| Super Trend (3,10): | 0.450443 | |
| Zig ZAG (10): | 0.848300 | |
| VORTEX (21): | 0.9508 | |
| Stochastique (14,3,5): | 20.88 | |
| TEMA (21): | 0.885847 | |
| Williams %R (14): | -83.93 | |
| Chande Momentum Oscillator (20): | -0.493600 | |
| Repulse (5,40,3): | -15.3734 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4131 | |
| Courbe Coppock: | 53.95 |
| MA7: | 0.897357 | |
| MA20: | 0.891700 | |
| MA50: | 1.029540 | |
| MA100: | 1.151870 | |
| MAexp7: | 0.945486 | |
| MAexp20: | 1.083348 | |
| MAexp50: | 1.073942 | |
| MAexp100: | 0.936221 | |
| Price / MA7: | -3.74% | |
| Price / MA20: | -3.13% | |
| Price / MA50: | -16.10% | |
| Price / MA100: | -25.01% | |
| Price / MAexp7: | -8.64% | |
| Price / MAexp20: | -20.27% | |
| Price / MAexp50: | -19.57% | |
| Price / MAexp100: | -7.74% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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