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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 - 1H - Technical analysis published on 06/15/2020 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.016259 USD
My targets
0.015565 USD (-1.54%)
0.015135 USD (-4.26%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.016259 USD remains possible. It is advisable to trade TRON - TRX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.016259 USD. The next bearish objective for sellers is set at 0.015565 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.015135 USD. In case of crossing, the next objective would be the support located at 0.012079 USD. PS: if there is a bullish break in the resistance located at 0.016259 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.4

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The TRON - TRX/USD price is 0.015809 USD. The price is lower by -2.04% since the last closing and was between 0.014948 USD and 0.016144 USD. This implies that the price is at +5.76% from its lowest and at -2.08% from its highest.

0.014948
0.016144
0.015809

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes on TRON - TRX/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Horizontal support is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 0.012079 0.015135 0.015565 0.015809 0.016259 0.016800 0.017353
Change (%) -23.59% -4.26% -1.54% - +2.85% +6.27% +9.77%
Change -0.003730 -0.000674 -0.000244 - +0.000450 +0.000991 +0.001544
Level Major Major Minor - Major Minor Intermediate



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
Standard0.0150420.0155140.0158260.0162980.0166100.0170820.017394
Camarilla0.0159220.0159940.0160660.0161380.0162100.0162820.016354
Woodie0.0149620.0154740.0157460.0162580.0165300.0170420.017314
Fibonacci0.0155140.0158140.0159990.0162980.0165980.0167830.017082


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0114810.0133080.0149880.0168150.0184950.0203220.022002
Camarilla0.0157040.0160250.0163470.0166680.0169900.0173110.017632
Woodie0.0114080.0132710.0149150.0167780.0184220.0202850.021929
Fibonacci0.0133080.0146480.0154750.0168150.0181550.0189820.020322


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): 49.11
MACD (12,26,9): -0.0002
Directional Movement: -4.954696
AROON (14): -28.571428
DEMA (21): 0.015441
Parabolic SAR (0,02-0,02-0,2): 0.014995
Elder Ray (13): 0.000138
Super Trend (3,10): 0.015955
Zig ZAG (10): 0.015820
VORTEX (21): 0.8782
Stochastique (14,3,5): 69.36
TEMA (21): 0.015437
Williams %R (14): -12.74
Chande Momentum Oscillator (20): 0.000079
Repulse (5,40,3): 0.9955
ROCnROLL: -1
TRIX (15,9): -0.1988
Courbe Coppock: 3.84
MA7: 0.016528
MA20: 0.016505
MA50: 0.015745
MA100: 0.013982
MAexp7: 0.015575
MAexp20: 0.015681
MAexp50: 0.015979
MAexp100: 0.016276
Price / MA7: -4.35%
Price / MA20: -4.22%
Price / MA50: +0.41%
Price / MA100: +13.07%
Price / MAexp7: +1.50%
Price / MAexp20: +0.82%
Price / MAexp50: -1.06%
Price / MAexp100: -2.87%

Quotes : 2020-06-15 16:55:00 - 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
Londinia AI

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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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