TRON - TRX/USD
TRON - TRX/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: TRXUSD
ISIN:

TRON - TRX/USD - Daily - Technical analysis published on 06/08/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.016256 USD
My targets
0.018401 USD (+2.57%)
0.019776 USD (+10.23%)
My analysis
TRON - TRX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.016256 USD. The next resistance located at 0.018401 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.019776 USD. After this resistance, buyers could then target 0.022631 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

TRON - TRX/USD rating 0.017940 USD. The price registered a decrease of -1.66% on the session and was traded between 0.017705 USD and 0.018642 USD over the period. The price is currently at +1.33% from its lowest and -3.77% from its highest.

0.017705
0.018642
0.017940

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of TRON - TRX/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.012441 0.013850 0.016256 0.017940 0.018401 0.019776 0.022631
Change (%) -30.65% -22.80% -9.39% - +2.57% +10.23% +26.15%
Change -0.005499 -0.004090 -0.001684 - +0.000461 +0.001836 +0.004691
Level Minor Intermediate Major - Minor Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0158550.0163330.0172870.0177650.0187190.0191970.020151
Camarilla0.0178480.0179800.0181110.0182420.0183730.0185050.018636
Woodie0.0160940.0164520.0175260.0178840.0189580.0193160.020390
Fibonacci0.0163330.0168800.0172180.0177650.0183120.0186500.019197


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0136410.0145250.0157740.0166580.0179070.0187910.020040
Camarilla0.0164360.0166320.0168280.0170230.0172190.0174140.017610
Woodie0.0138240.0146160.0159570.0167490.0180900.0188820.020223
Fibonacci0.0145250.0153400.0158430.0166580.0174730.0179760.018791


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0087630.0107430.0132650.0152450.0177670.0197470.022269
Camarilla0.0145500.0149630.0153750.0157880.0162010.0166130.017026
Woodie0.0090350.0108790.0135370.0153810.0180390.0198830.022541
Fibonacci0.0107430.0124620.0135250.0152450.0169640.0180270.019747

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): 64.88
MACD (12,26,9): 0.0007
Directional Movement: 17.400670
AROON (14): 100.000000
DEMA (21): 0.017126
Parabolic SAR (0,02-0,02-0,2): 0.016217
Elder Ray (13): 0.001514
Super Trend (3,10): 0.015005
Zig ZAG (10): 0.017800
VORTEX (21): 1.1268
Stochastique (14,3,5): 88.75
TEMA (21): 0.017528
Williams %R (14): -18.36
Chande Momentum Oscillator (20): 0.003108
Repulse (5,40,3): 4.0086
ROCnROLL: 1
TRIX (15,9): 0.4421
Courbe Coppock: 33.54
MA7: 0.017163
MA20: 0.015835
MA50: 0.015301
MA100: 0.014045
MAexp7: 0.017241
MAexp20: 0.016277
MAexp50: 0.015420
MAexp100: 0.015153
Price / MA7: +4.53%
Price / MA20: +13.29%
Price / MA50: +17.25%
Price / MA100: +27.73%
Price / MAexp7: +4.05%
Price / MAexp20: +10.22%
Price / MAexp50: +16.34%
Price / MAexp100: +18.39%

Quotes : 2020-06-08 16:00:13 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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