TRUEFI - TRU/USD - 1H - Technical analysis published on 08/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.086186 USD
My targets
0.088955 USD (+1.74%)
0.095454 USD (+9.18%)
My analysis
The strong short-term increase for TRUEFI - TRU/USD reinforces the current slightly bullish trend. As long as the price remains above 0.086186 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.088955 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.095454 USD as an objective. Crossing it would then enable buyers to target 0.162300 USD. A return to 0.086186 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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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 TRUEFI - TRU/USD price is 0.087430 USD. The price registered a decrease of -0.01% on the session and was traded between 0.087430 USD and 0.087470 USD over the period. The price is currently at 0% from its lowest and -0.05% from its highest.0.087430
0.087470
0.087430
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRUEFI - TRU/USD:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of TRUEFI - TRU/USD indicates that the overall trend is slightly bullish. 57.14% 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 is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 0.082130 | 0.083248 | 0.086186 | 0.087430 | 0.088955 | 0.095454 | 0.162300 |
| Change (%) | -6.06% | -4.78% | -1.42% | - | +1.74% | +9.18% | +85.63% |
| Change | -0.005300 | -0.004182 | -0.001244 | - | +0.001525 | +0.008024 | +0.074870 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 0.076033 | 0.078487 | 0.082963 | 0.085417 | 0.089893 | 0.092347 | 0.096823 |
| Camarilla | 0.085534 | 0.086170 | 0.086805 | 0.087440 | 0.088075 | 0.088711 | 0.089346 |
| Woodie | 0.077045 | 0.078993 | 0.083975 | 0.085923 | 0.090905 | 0.092853 | 0.097835 |
| Fibonacci | 0.078487 | 0.081134 | 0.082769 | 0.085417 | 0.088064 | 0.089699 | 0.092347 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070433 | 0.075367 | 0.080223 | 0.085157 | 0.090013 | 0.094947 | 0.099803 |
| Camarilla | 0.082388 | 0.083285 | 0.084183 | 0.085080 | 0.085977 | 0.086875 | 0.087772 |
| Woodie | 0.070395 | 0.075348 | 0.080185 | 0.085138 | 0.089975 | 0.094928 | 0.099765 |
| Fibonacci | 0.075367 | 0.079106 | 0.081417 | 0.085157 | 0.088896 | 0.091207 | 0.094947 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023413 | 0.041977 | 0.063773 | 0.082337 | 0.104133 | 0.122697 | 0.144493 |
| Camarilla | 0.074471 | 0.078171 | 0.081870 | 0.085570 | 0.089270 | 0.092969 | 0.096669 |
| Woodie | 0.025030 | 0.042785 | 0.065390 | 0.083145 | 0.105750 | 0.123505 | 0.146110 |
| Fibonacci | 0.041977 | 0.057394 | 0.066919 | 0.082337 | 0.097754 | 0.107279 | 0.122697 |
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): | 61.00 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 13.313078 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.086481 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.085646 | |
| Elder Ray (13): | 0.000955 | |
| Super Trend (3,10): | 0.084309 | |
| Zig ZAG (10): | 0.087060 | |
| VORTEX (21): | 1.2761 | |
| Stochastique (14,3,5): | 86.63 | |
| TEMA (21): | 0.087525 | |
| Williams %R (14): | -14.01 | |
| Chande Momentum Oscillator (20): | 0.004430 | |
| Repulse (5,40,3): | 0.0109 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0777 | |
| Courbe Coppock: | 10.25 |
| MA7: | 0.085814 | |
| MA20: | 0.083997 | |
| MA50: | 0.078239 | |
| MA100: | 0.085474 | |
| MAexp7: | 0.086888 | |
| MAexp20: | 0.085743 | |
| MAexp50: | 0.085551 | |
| MAexp100: | 0.085788 | |
| Price / MA7: | +1.88% | |
| Price / MA20: | +4.09% | |
| Price / MA50: | +11.75% | |
| Price / MA100: | +2.29% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +1.97% | |
| Price / MAexp50: | +2.20% | |
| Price / MAexp100: | +1.91% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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