TRUEFI - TRU/USD - 1H - Technical analysis published on 11/19/2023 (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:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.046335 USD
My targets
0.050600 USD (+4.48%)
0.054307 USD (+12.13%)
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 0.046335 USD. The buyers' bullish objective is set at 0.050600 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.054307 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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Additional analysis
Quotes
The TRUEFI - TRU/USD rating is 0.048431 USD. The price has increased by +4.61% since the last closing and was between 0.045208 USD and 0.050876 USD. This implies that the price is at +7.13% from its lowest and at -4.81% from its highest.0.045208
0.050876
0.048431
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRUEFI - TRU/USD:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on TRUEFI - TRU/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of TRUEFI - TRU/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.042627 | 0.044405 | 0.046335 | 0.048431 | 0.048685 | 0.050600 | 0.054307 |
| Change (%) | -11.98% | -8.31% | -4.33% | - | +0.52% | +4.48% | +12.13% |
| Change | -0.005804 | -0.004026 | -0.002096 | - | +0.000254 | +0.002169 | +0.005876 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | 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 | 0.039026 | 0.041914 | 0.044105 | 0.046993 | 0.049184 | 0.052072 | 0.054263 |
| Camarilla | 0.044898 | 0.045364 | 0.045829 | 0.046295 | 0.046761 | 0.047226 | 0.047692 |
| Woodie | 0.038677 | 0.041740 | 0.043756 | 0.046819 | 0.048835 | 0.051898 | 0.053914 |
| Fibonacci | 0.041914 | 0.043855 | 0.045053 | 0.046993 | 0.048934 | 0.050132 | 0.052072 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029499 | 0.036063 | 0.041179 | 0.047743 | 0.052859 | 0.059423 | 0.064539 |
| Camarilla | 0.043083 | 0.044154 | 0.045224 | 0.046295 | 0.047366 | 0.048436 | 0.049507 |
| Woodie | 0.028775 | 0.035701 | 0.040455 | 0.047381 | 0.052135 | 0.059061 | 0.063815 |
| Fibonacci | 0.036063 | 0.040525 | 0.043281 | 0.047743 | 0.052205 | 0.054961 | 0.059423 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018804 | 0.025202 | 0.031301 | 0.037699 | 0.043798 | 0.050196 | 0.056295 |
| Camarilla | 0.033963 | 0.035109 | 0.036254 | 0.037400 | 0.038546 | 0.039691 | 0.040837 |
| Woodie | 0.018655 | 0.025127 | 0.031152 | 0.037624 | 0.043649 | 0.050121 | 0.056146 |
| Fibonacci | 0.025202 | 0.029976 | 0.032925 | 0.037699 | 0.042473 | 0.045422 | 0.050196 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.23 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 29.901813 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.047469 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.050456 | |
| Elder Ray (13): | 0.000984 | |
| Super Trend (3,10): | 0.045498 | |
| Zig ZAG (10): | 0.048408 | |
| VORTEX (21): | 1.1101 | |
| Stochastique (14,3,5): | 49.72 | |
| TEMA (21): | 0.048101 | |
| Williams %R (14): | -46.10 | |
| Chande Momentum Oscillator (20): | 0.002307 | |
| Repulse (5,40,3): | 1.8322 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0231 | |
| Courbe Coppock: | 8.24 |
| MA7: | 0.047794 | |
| MA20: | 0.044372 | |
| MA50: | 0.039737 | |
| MA100: | 0.036503 | |
| MAexp7: | 0.047820 | |
| MAexp20: | 0.047198 | |
| MAexp50: | 0.047343 | |
| MAexp100: | 0.047613 | |
| Price / MA7: | +1.33% | |
| Price / MA20: | +9.15% | |
| Price / MA50: | +21.88% | |
| Price / MA100: | +32.68% | |
| Price / MAexp7: | +1.28% | |
| Price / MAexp20: | +2.61% | |
| Price / MAexp50: | +2.30% | |
| Price / MAexp100: | +1.72% |
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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