TRON - TRX/USD - Daily - Technical analysis published on 06/08/2020 (GMT)
- Who voted?
- 190
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.015855 | 0.016333 | 0.017287 | 0.017765 | 0.018719 | 0.019197 | 0.020151 |
Camarilla | 0.017848 | 0.017980 | 0.018111 | 0.018242 | 0.018373 | 0.018505 | 0.018636 |
Woodie | 0.016094 | 0.016452 | 0.017526 | 0.017884 | 0.018958 | 0.019316 | 0.020390 |
Fibonacci | 0.016333 | 0.016880 | 0.017218 | 0.017765 | 0.018312 | 0.018650 | 0.019197 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.013641 | 0.014525 | 0.015774 | 0.016658 | 0.017907 | 0.018791 | 0.020040 |
Camarilla | 0.016436 | 0.016632 | 0.016828 | 0.017023 | 0.017219 | 0.017414 | 0.017610 |
Woodie | 0.013824 | 0.014616 | 0.015957 | 0.016749 | 0.018090 | 0.018882 | 0.020223 |
Fibonacci | 0.014525 | 0.015340 | 0.015843 | 0.016658 | 0.017473 | 0.017976 | 0.018791 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.008763 | 0.010743 | 0.013265 | 0.015245 | 0.017767 | 0.019747 | 0.022269 |
Camarilla | 0.014550 | 0.014963 | 0.015375 | 0.015788 | 0.016201 | 0.016613 | 0.017026 |
Woodie | 0.009035 | 0.010879 | 0.013537 | 0.015381 | 0.018039 | 0.019883 | 0.022541 |
Fibonacci | 0.010743 | 0.012462 | 0.013525 | 0.015245 | 0.016964 | 0.018027 | 0.019747 |
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.
About author
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…
Add a comment
Comments
0 comments on the analysis TRON - TRX/USD - Daily