TRUEFI - TRU/USD - 1H - Technical analysis published on 02/25/2024 (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:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.066522 USD
My targets
0.069770 USD (+1.71%)
0.072094 USD (+5.10%)
My analysis
The bullish trend is currently very strong on TRUEFI - TRU/USD. As long as the price remains above the support at 0.066522 USD, you could try to benefit from the boom. The first bullish objective is located at 0.069770 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.072094 USD as an objective. Crossing it would then enable buyers to target 0.096770 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.6
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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 rating is 0.068594 USD. The price registered an increase of +7.85% on the session with the lowest point at 0.062503 USD and the highest point at 0.068594 USD. The deviation from the price is +9.75% for the low point and 0% for the high point.0.062503
0.068594
0.068594
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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 0.060392 | 0.063905 | 0.066522 | 0.068594 | 0.072094 | 0.096770 | 0.126300 |
| Change (%) | -11.96% | -6.84% | -3.02% | - | +5.10% | +41.08% | +84.13% |
| Change | -0.008202 | -0.004689 | -0.002072 | - | +0.003500 | +0.028176 | +0.057706 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051882 | 0.055343 | 0.059472 | 0.062933 | 0.067062 | 0.070523 | 0.074652 |
| Camarilla | 0.061513 | 0.062209 | 0.062904 | 0.063600 | 0.064296 | 0.064992 | 0.065687 |
| Woodie | 0.052215 | 0.055510 | 0.059805 | 0.063100 | 0.067395 | 0.070690 | 0.074985 |
| Fibonacci | 0.055343 | 0.058243 | 0.060034 | 0.062933 | 0.065833 | 0.067624 | 0.070523 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.047157 | 0.051633 | 0.057617 | 0.062093 | 0.068077 | 0.072553 | 0.078537 |
| Camarilla | 0.060724 | 0.061682 | 0.062641 | 0.063600 | 0.064559 | 0.065518 | 0.066477 |
| Woodie | 0.047910 | 0.052010 | 0.058370 | 0.062470 | 0.068830 | 0.072930 | 0.079290 |
| Fibonacci | 0.051633 | 0.055629 | 0.058098 | 0.062093 | 0.066089 | 0.068558 | 0.072553 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023927 | 0.032415 | 0.039208 | 0.047696 | 0.054489 | 0.062977 | 0.069770 |
| Camarilla | 0.041798 | 0.043199 | 0.044599 | 0.046000 | 0.047401 | 0.048802 | 0.050202 |
| Woodie | 0.023079 | 0.031991 | 0.038360 | 0.047272 | 0.053641 | 0.062553 | 0.068922 |
| Fibonacci | 0.032415 | 0.038253 | 0.041859 | 0.047696 | 0.053534 | 0.057140 | 0.062977 |
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): | 68.95 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 25.224175 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.065223 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.062503 | |
| Elder Ray (13): | 0.002459 | |
| Super Trend (3,10): | 0.063648 | |
| Zig ZAG (10): | 0.067393 | |
| VORTEX (21): | 1.1553 | |
| Stochastique (14,3,5): | 90.92 | |
| TEMA (21): | 0.065609 | |
| Williams %R (14): | -1.60 | |
| Chande Momentum Oscillator (20): | 0.004300 | |
| Repulse (5,40,3): | 5.6282 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1303 | |
| Courbe Coppock: | 4.03 |
| MA7: | 0.062029 | |
| MA20: | 0.057542 | |
| MA50: | 0.051779 | |
| MA100: | 0.053372 | |
| MAexp7: | 0.065397 | |
| MAexp20: | 0.064212 | |
| MAexp50: | 0.062951 | |
| MAexp100: | 0.062028 | |
| Price / MA7: | +10.58% | |
| Price / MA20: | +19.21% | |
| Price / MA50: | +32.47% | |
| Price / MA100: | +28.52% | |
| Price / MAexp7: | +4.89% | |
| Price / MAexp20: | +6.82% | |
| Price / MAexp50: | +8.96% | |
| Price / MAexp100: | +10.59% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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