IOTA - MIOTA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	MIOTAUSD
ISIN:

IOTA - MIOTA/USD - 1H - Technical analysis published on 12/15/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.300755 USD

My targets

0.260196 USD (-10.11%)

0.252959 USD (-12.61%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for IOTA - MIOTA/USD as long as the price remains well below 0.300755 USD. The next bearish objective for sellers is set at 0.260196 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.252959 USD. In case of crossing, the next objective would be the support located at 0.196883 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.260196 USD. With this support, against the trend traders who want to buy IOTA - MIOTA/USD on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

1.8

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

Additional analysis

Quotes

The IOTA - MIOTA/USD rating is 0.289456 USD. The price is lower by -1.01% since the last closing and was traded between 0.289456 USD and 0.313024 USD over the period. The price is currently at 0% from its lowest and -7.53% from its highest.

0.289456

0.313024

0.289456

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

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on IOTA - MIOTA/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of IOTA - MIOTA/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.252959	0.260196	0.288658	0.289456	0.300755	0.331665	0.902367
Change (%)	-12.61%	-10.11%	-0.28%	-	+3.90%	+14.58%	+211.75%
Change	-0.036497	-0.029260	-0.000798	-	+0.011299	+0.042209	+0.612911
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.243323	0.258227	0.275314	0.290218	0.307305	0.322209	0.339296
Camarilla	0.283603	0.286535	0.289468	0.292400	0.295333	0.298265	0.301198
Woodie	0.244414	0.258773	0.276405	0.290764	0.308396	0.322755	0.340387
Fibonacci	0.258227	0.270448	0.277998	0.290218	0.302439	0.309989	0.322209

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.169283	0.226244	0.257332	0.314293	0.345381	0.402342	0.433430
Camarilla	0.264206	0.272277	0.280348	0.288419	0.296490	0.304561	0.312633
Woodie	0.156346	0.219776	0.244395	0.307825	0.332444	0.395874	0.420493
Fibonacci	0.226244	0.259879	0.280659	0.314293	0.347928	0.368708	0.402342

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027965	0.090868	0.162341	0.225244	0.296717	0.359620	0.431093
Camarilla	0.196861	0.209178	0.221496	0.233814	0.246132	0.258450	0.270767
Woodie	0.032250	0.093011	0.166626	0.227387	0.301002	0.361763	0.435378
Fibonacci	0.090868	0.142200	0.173912	0.225244	0.276576	0.308288	0.359620

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):	39.92
MACD (12,26,9):	0.0000
Directional Movement:	-6.118123
AROON (14):	-85.714286
DEMA (21):	0.299395
Parabolic SAR (0,02-0,02-0,2):	0.313024
Elder Ray (13):	-0.005323
Super Trend (3,10):	0.307569
Zig ZAG (10):	0.290461
VORTEX (21):	0.9404
Stochastique (14,3,5):	2.62
TEMA (21):	0.294220
Williams %R (14):	-97.15
Chande Momentum Oscillator (20):	-0.021779
Repulse (5,40,3):	-2.3178
ROCnROLL:	2
TRIX (15,9):	0.0628
Courbe Coppock:	5.67

MA7:	0.283009
MA20:	0.270331
MA50:	0.214069
MA100:	0.184806
MAexp7:	0.294938
MAexp20:	0.298727
MAexp50:	0.293744
MAexp100:	0.288173
Price / MA7:	+2.28%
Price / MA20:	+7.07%
Price / MA50:	+35.22%
Price / MA100:	+56.63%
Price / MAexp7:	-1.86%
Price / MAexp20:	-3.10%
Price / MAexp50:	-1.46%
Price / MAexp100:	+0.45%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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