IOTA - MIOTA/USD - Daily - Technical analysis published on 09/23/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 1.21 USD
My targets
1.49 USD (+7.97%)
1.65 USD (+19.57%)
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 1.21 USD remains possible. It is advisable to trade IOTA - MIOTA/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.21 USD. The next bullish objective for buyers is set at 1.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.65 USD. If there is any crossing, the next objective would be the resistance located at 1.98 USD. PS: if there is a bearish break in the support located at 1.21 USD 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 sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.8
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Additional analysis
Quotes
The IOTA - MIOTA/USD rating is 1.38 USD. On the day, this instrument gained +1.47% and was traded between 1.33 USD and 1.41 USD over the period. The price is currently at +3.76% from its lowest and -2.13% from its highest.1.33
1.41
1.38
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
Here is a more detailed summary of the historical variations registered by IOTA - MIOTA/USD:
Technical
Technical analysis of IOTA - MIOTA/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.58 | 0.91 | 1.17 | 1.38 | 1.49 | 1.65 | 1.98 |
| Change (%) | -57.97% | -34.06% | -15.22% | - | +7.97% | +19.57% | +43.48% |
| Change | -0.80 | -0.47 | -0.21 | - | +0.11 | +0.27 | +0.60 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.07 | 1.13 | 1.25 | 1.31 | 1.43 | 1.49 | 1.61 |
| Camarilla | 1.31 | 1.33 | 1.34 | 1.36 | 1.38 | 1.39 | 1.41 |
| Woodie | 1.09 | 1.15 | 1.27 | 1.33 | 1.45 | 1.51 | 1.63 |
| Fibonacci | 1.13 | 1.20 | 1.25 | 1.31 | 1.38 | 1.43 | 1.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 1.01 | 1.34 | 1.63 | 1.96 | 2.25 | 2.58 |
| Camarilla | 1.49 | 1.55 | 1.60 | 1.66 | 1.72 | 1.77 | 1.83 |
| Woodie | 0.73 | 1.02 | 1.35 | 1.64 | 1.97 | 2.26 | 2.59 |
| Fibonacci | 1.01 | 1.25 | 1.40 | 1.63 | 1.87 | 2.02 | 2.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.37 | 0.58 | 0.79 | 1.00 | 1.21 | 1.42 | 1.63 |
| Camarilla | 0.88 | 0.91 | 0.95 | 0.99 | 1.03 | 1.07 | 1.11 |
| Woodie | 0.36 | 0.58 | 0.78 | 1.00 | 1.20 | 1.42 | 1.62 |
| Fibonacci | 0.58 | 0.74 | 0.84 | 1.00 | 1.16 | 1.26 | 1.42 |
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): | 48.82 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 2.46 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.75 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 2.18 | |
| Zig ZAG (10): | 1.38 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 18.21 | |
| TEMA (21): | 1.44 | |
| Williams %R (14): | -74.55 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -8.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.9500 | |
| Courbe Coppock: | 18.60 |
| MA7: | 1.45 | |
| MA20: | 1.55 | |
| MA50: | 1.25 | |
| MA100: | 1.03 | |
| MAexp7: | 1.41 | |
| MAexp20: | 1.43 | |
| MAexp50: | 1.30 | |
| MAexp100: | 1.21 | |
| Price / MA7: | -4.83% | |
| Price / MA20: | -10.97% | |
| Price / MA50: | +10.40% | |
| Price / MA100: | +33.98% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | -3.50% | |
| Price / MAexp50: | +6.15% | |
| Price / MAexp100: | +14.05% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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