TELLOR - TRB/USD - 1H - Technical analysis published on 08/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 38.61 USD
My targets
40.32 USD (+1.33%)
42.63 USD (+7.14%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on TELLOR - TRB/USD as long as the price remains well above 38.61 USD. The buyers' bullish objective is set at 40.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42.63 USD. If there is any crossing, the next objective would be the resistance located at 45.10 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TELLOR - TRB/USD price is 39.79 USD. On the day, this instrument gained +4.24% and was traded between 38.02 USD and 40.20 USD over the period. The price is currently at +4.66% from its lowest and -1.02% from its highest.38.02
40.20
39.79
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this TELLOR - TRB/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.85 | 36.71 | 38.61 | 39.79 | 40.32 | 42.63 | 45.10 |
| Change (%) | -9.90% | -7.74% | -2.97% | - | +1.33% | +7.14% | +13.35% |
| Change | -3.94 | -3.08 | -1.18 | - | +0.53 | +2.84 | +5.31 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 33.85 | 35.23 | 36.70 | 38.08 | 39.55 | 40.93 | 42.40 |
| Camarilla | 37.39 | 37.65 | 37.91 | 38.17 | 38.43 | 38.69 | 38.95 |
| Woodie | 33.90 | 35.25 | 36.75 | 38.10 | 39.60 | 40.95 | 42.45 |
| Fibonacci | 35.23 | 36.32 | 36.99 | 38.08 | 39.17 | 39.84 | 40.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.89 | 29.81 | 33.99 | 39.91 | 44.09 | 50.01 | 54.19 |
| Camarilla | 35.39 | 36.32 | 37.24 | 38.17 | 39.10 | 40.02 | 40.95 |
| Woodie | 23.02 | 29.38 | 33.12 | 39.48 | 43.22 | 49.58 | 53.32 |
| Fibonacci | 29.81 | 33.67 | 36.05 | 39.91 | 43.77 | 46.15 | 50.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -8.21 | 2.62 | 14.55 | 25.38 | 37.31 | 48.14 | 60.07 |
| Camarilla | 20.23 | 22.32 | 24.40 | 26.49 | 28.58 | 30.66 | 32.75 |
| Woodie | -7.65 | 2.90 | 15.11 | 25.66 | 37.87 | 48.42 | 60.63 |
| Fibonacci | 2.62 | 11.31 | 16.68 | 25.38 | 34.07 | 39.44 | 48.14 |
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): | 55.58 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 9.53 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 38.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.74 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 37.09 | |
| Zig ZAG (10): | 38.52 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 48.76 | |
| TEMA (21): | 38.37 | |
| Williams %R (14): | -49.25 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | 1.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.10 |
| MA7: | 39.36 | |
| MA20: | 39.91 | |
| MA50: | 29.07 | |
| MA100: | 20.28 | |
| MAexp7: | 38.29 | |
| MAexp20: | 38.19 | |
| MAexp50: | 38.20 | |
| MAexp100: | 38.74 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | +36.88% | |
| Price / MA100: | +96.20% | |
| Price / MAexp7: | +3.92% | |
| Price / MAexp20: | +4.19% | |
| Price / MAexp50: | +4.16% | |
| Price / MAexp100: | +2.71% |
Quotes :
-
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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