TRUEFI - TRU/USD - 1H - Technical analysis published on 05/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.061200 USD
My targets
0.062521 USD (+0.68%)
0.063545 USD (+2.33%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRUEFI - TRU/USD as long as the price remains well above 0.061200 USD. The buyers' bullish objective is set at 0.062521 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.063545 USD. If there is any crossing, the next objective would be the resistance located at 0.064500 USD.
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
6.8
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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 0.062100 USD. On the day, this instrument gained +1.64% and was traded between 0.061100 USD and 0.062900 USD over the period. The price is currently at +1.64% from its lowest and -1.27% from its highest.0.061100
0.062900
0.062100
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 TRUEFI - TRU/USD:
Technical
A technical analysis in 1H of this TRUEFI - TRU/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.058110 | 0.060445 | 0.061200 | 0.062100 | 0.062521 | 0.063545 | 0.064500 |
| Change (%) | -6.43% | -2.67% | -1.45% | - | +0.68% | +2.33% | +3.86% |
| Change | -0.003990 | -0.001655 | -0.000900 | - | +0.000421 | +0.001445 | +0.002400 |
| Level | Minor | Intermediate | Minor | - | 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 | 0.052500 | 0.054500 | 0.057800 | 0.059800 | 0.063100 | 0.065100 | 0.068400 |
| Camarilla | 0.059643 | 0.060128 | 0.060614 | 0.061100 | 0.061586 | 0.062072 | 0.062558 |
| Woodie | 0.053150 | 0.054825 | 0.058450 | 0.060125 | 0.063750 | 0.065425 | 0.069050 |
| Fibonacci | 0.054500 | 0.056525 | 0.057775 | 0.059800 | 0.061825 | 0.063075 | 0.065100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049550 | 0.052980 | 0.057640 | 0.061070 | 0.065730 | 0.069160 | 0.073820 |
| Camarilla | 0.060075 | 0.060817 | 0.061558 | 0.062300 | 0.063042 | 0.063783 | 0.064525 |
| Woodie | 0.050165 | 0.053288 | 0.058255 | 0.061378 | 0.066345 | 0.069468 | 0.074435 |
| Fibonacci | 0.052980 | 0.056070 | 0.057980 | 0.061070 | 0.064160 | 0.066070 | 0.069160 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026217 | 0.041313 | 0.051107 | 0.066203 | 0.075997 | 0.091093 | 0.100887 |
| Camarilla | 0.054055 | 0.056337 | 0.058618 | 0.060900 | 0.063182 | 0.065463 | 0.067745 |
| Woodie | 0.023565 | 0.039988 | 0.048455 | 0.064878 | 0.073345 | 0.089768 | 0.098235 |
| Fibonacci | 0.041313 | 0.050821 | 0.056695 | 0.066203 | 0.075711 | 0.081585 | 0.091093 |
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): | 63.73 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 22.370349 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.060339 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.058303 | |
| Elder Ray (13): | 0.001788 | |
| Super Trend (3,10): | 0.059145 | |
| Zig ZAG (10): | 0.061910 | |
| VORTEX (21): | 0.9845 | |
| Stochastique (14,3,5): | 88.69 | |
| TEMA (21): | 0.060822 | |
| Williams %R (14): | -16.88 | |
| Chande Momentum Oscillator (20): | 0.005010 | |
| Repulse (5,40,3): | 0.6099 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0537 | |
| Courbe Coppock: | 5.85 |
| MA7: | 0.061416 | |
| MA20: | 0.065291 | |
| MA50: | 0.073787 | |
| MA100: | 0.069243 | |
| MAexp7: | 0.061040 | |
| MAexp20: | 0.060208 | |
| MAexp50: | 0.060221 | |
| MAexp100: | 0.060448 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | -4.89% | |
| Price / MA50: | -15.84% | |
| Price / MA100: | -10.32% | |
| Price / MAexp7: | +1.74% | |
| Price / MAexp20: | +3.14% | |
| Price / MAexp50: | +3.12% | |
| Price / MAexp100: | +2.73% |
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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