TRUEFI - TRU/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	TRUUSD
ISIN:

TRUEFI - TRU/USD - Daily - Technical analysis published on 05/23/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 0.050499 USD

My targets

0.041713 USD (-11.38%)

0.027017 USD (-42.60%)

My analysis

The bearish trend is currently very strong for TRUEFI - TRU/USD. As long as the price remains below the resistance at 0.050499 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.041713 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.027017 USD as an objective. Crossing it would then enable sellers to target 0.026800 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.1

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 TRUEFI - TRU/USD rating is 0.047070 USD. On the day, this instrument lost -0.06% with the lowest point at 0.046480 USD and the highest point at 0.048800 USD. The deviation from the price is +1.27% for the low point and -3.55% for the high point.

0.046480

0.048800

0.047070

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:

Technical

Technical analysis of TRUEFI - TRU/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.026800	0.047070	0.050499	0.060167	0.087890
Change (%)	-43.06%	-	+7.28%	+27.82%	+86.72%
Change	-0.020270	-	+0.003429	+0.013097	+0.040820
Level	Intermediate	-	Intermediate	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.044547	0.045173	0.046137	0.046763	0.047727	0.048353	0.049317
Camarilla	0.046663	0.046809	0.046954	0.047100	0.047246	0.047392	0.047537
Woodie	0.044715	0.045258	0.046305	0.046848	0.047895	0.048438	0.049485
Fibonacci	0.045173	0.045781	0.046156	0.046763	0.047371	0.047746	0.048353

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.037500	0.040700	0.045400	0.048600	0.053300	0.056500	0.061200
Camarilla	0.047928	0.048652	0.049376	0.050100	0.050824	0.051548	0.052273
Woodie	0.038250	0.041075	0.046150	0.048975	0.054050	0.056875	0.061950
Fibonacci	0.040700	0.043718	0.045582	0.048600	0.051618	0.053482	0.056500

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027017	0.041713	0.051307	0.066003	0.075597	0.090293	0.099887
Camarilla	0.054220	0.056447	0.058673	0.060900	0.063127	0.065353	0.067580
Woodie	0.024465	0.040438	0.048755	0.064728	0.073045	0.089018	0.097335
Fibonacci	0.041713	0.050992	0.056725	0.066003	0.075282	0.081015	0.090293

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):	36.26
MACD (12,26,9):	-0.0038
Directional Movement:	-10.365458
AROON (14):	35.714286
DEMA (21):	0.044984
Parabolic SAR (0,02-0,02-0,2):	0.042809
Elder Ray (13):	-0.001138
Super Trend (3,10):	0.056554
Zig ZAG (10):	0.046910
VORTEX (21):	0.8270
Stochastique (14,3,5):	51.61
TEMA (21):	0.045864
Williams %R (14):	-48.08
Chande Momentum Oscillator (20):	0.002420
Repulse (5,40,3):	-3.7245
ROCnROLL:	2
TRIX (15,9):	-1.1678
Courbe Coppock:	9.20

MA7:	0.048611
MA20:	0.049161
MA50:	0.060491
MA100:	0.071137
MAexp7:	0.047922
MAexp20:	0.050572
MAexp50:	0.058267
MAexp100:	0.061198
Price / MA7:	-3.17%
Price / MA20:	-4.25%
Price / MA50:	-22.19%
Price / MA100:	-33.83%
Price / MAexp7:	-1.78%
Price / MAexp20:	-6.92%
Price / MAexp50:	-19.22%
Price / MAexp100:	-23.09%

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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