IOTA - MIOTA/USD - Daily - Technical analysis published on 05/17/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bearish under 2.10 USD
My targets
1.83 USD (-2.66%)
1.49 USD (-20.74%)
My analysis
The strong short-term decline in IOTA - MIOTA/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 2.10 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1.83 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.49 USD as an objective. Crossing it would then enable sellers to target 1.09 USD. Be careful, a return to above 2.10 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.3
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This analysis was given by andyfabel. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IOTA - MIOTA/USD rating 1.88 USD. The price is lower by -6.00% since the last closing and was between 1.73 USD and 2.00 USD. This implies that the price is at +8.67% from its lowest and at -6.00% from its highest.1.73
2.00
1.88
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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/USD:
Technical
A technical analysis in Daily of this IOTA - MIOTA/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.09 | 1.49 | 1.83 | 1.88 | 2.26 | 2.52 |
| Change (%) | -42.02% | -20.74% | -2.66% | - | +20.21% | +34.04% |
| Change | -0.79 | -0.39 | -0.05 | - | +0.38 | +0.64 |
| Level | Minor | Major | Major | - | Minor | 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 | 1.45 | 1.65 | 1.82 | 2.02 | 2.19 | 2.39 | 2.56 |
| Camarilla | 1.90 | 1.93 | 1.97 | 2.00 | 2.03 | 2.07 | 2.10 |
| Woodie | 1.45 | 1.64 | 1.82 | 2.01 | 2.19 | 2.38 | 2.56 |
| Fibonacci | 1.65 | 1.79 | 1.88 | 2.02 | 2.16 | 2.25 | 2.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.94 | 1.31 | 1.58 | 1.95 | 2.22 | 2.59 | 2.86 |
| Camarilla | 1.67 | 1.73 | 1.79 | 1.85 | 1.91 | 1.97 | 2.03 |
| Woodie | 0.89 | 1.29 | 1.53 | 1.93 | 2.17 | 2.57 | 2.81 |
| Fibonacci | 1.31 | 1.55 | 1.71 | 1.95 | 2.19 | 2.35 | 2.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.29 | 0.88 | 1.51 | 2.10 | 2.73 | 3.32 | 3.95 |
| Camarilla | 1.82 | 1.93 | 2.04 | 2.15 | 2.26 | 2.37 | 2.49 |
| Woodie | 0.32 | 0.89 | 1.54 | 2.11 | 2.76 | 3.33 | 3.98 |
| Fibonacci | 0.88 | 1.34 | 1.63 | 2.10 | 2.56 | 2.85 | 3.32 |
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): | 46.28 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -6.16 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 2.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.34 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 2.62 | |
| Zig ZAG (10): | 1.90 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 33.08 | |
| TEMA (21): | 1.93 | |
| Williams %R (14): | -67.90 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -1.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 11.17 |
| MA7: | 1.94 | |
| MA20: | 2.05 | |
| MA50: | 1.96 | |
| MA100: | 1.61 | |
| MAexp7: | 1.96 | |
| MAexp20: | 2.00 | |
| MAexp50: | 1.89 | |
| MAexp100: | 1.61 | |
| Price / MA7: | -3.09% | |
| Price / MA20: | -8.29% | |
| Price / MA50: | -4.08% | |
| Price / MA100: | +16.77% | |
| Price / MAexp7: | -4.08% | |
| Price / MAexp20: | -6.00% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | +16.77% |
Quotes :
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Real time data
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