IOTA - IOTA/USDT - Daily - Technical analysis published on 02/15/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.983467 USDT
My targets
0.779500 USDT (-9.82%)
0.719867 USDT (-16.72%)
My analysis
The bearish basic trend is very strong on IOTA - MIOTA/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.983467 USDT. Crossing the first support at 0.779500 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.719867 USDT as an objective. Crossing it would then enable sellers to target 0.580800 USDT. Caution, a return to above the resistance located at 0.983467 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.6
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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 0.864400 USDT. The price registered an increase of +2.25% on the session and was between 0.845100 USDT and 0.867600 USDT. This implies that the price is at +2.28% from its lowest and at -0.37% from its highest.0.845100
0.867600
0.864400
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IOTA - MIOTA/USDT:
Technical
A technical analysis in Daily of this IOTA - MIOTA/USDT chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
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 | 0.331640 | 0.580800 | 0.779500 | 0.864400 | 1.022000 | 1.186080 | 1.454330 |
| Change (%) | -61.63% | -32.81% | -9.82% | - | +18.23% | +37.21% | +68.25% |
| Change | -0.532760 | -0.283600 | -0.084900 | - | +0.157600 | +0.321680 | +0.589930 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 0.769900 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.67 | |
| MACD (12,26,9): | -0.0303 | |
| Directional Movement: | -10.228324 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.865722 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.046278 | |
| Elder Ray (13): | -0.041704 | |
| Super Trend (3,10): | 1.044332 | |
| Zig ZAG (10): | 0.864100 | |
| VORTEX (21): | 1.0568 | |
| Stochastique (14,3,5): | 19.26 | |
| TEMA (21): | 0.886490 | |
| Williams %R (14): | -79.42 | |
| Chande Momentum Oscillator (20): | -0.063000 | |
| Repulse (5,40,3): | -2.3454 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4850 | |
| Courbe Coppock: | 12.64 |
| MA7: | 0.897357 | |
| MA20: | 0.891700 | |
| MA50: | 1.029540 | |
| MA100: | 1.151870 | |
| MAexp7: | 0.883624 | |
| MAexp20: | 0.911235 | |
| MAexp50: | 0.995486 | |
| MAexp100: | 1.079564 | |
| Price / MA7: | -3.67% | |
| Price / MA20: | -3.06% | |
| Price / MA50: | -16.04% | |
| Price / MA100: | -24.96% | |
| Price / MAexp7: | -2.18% | |
| Price / MAexp20: | -5.14% | |
| Price / MAexp50: | -13.17% | |
| Price / MAexp100: | -19.93% |
Quotes :
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Real time data
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Cryptocompare
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