TRON - TRX/USD - 1H - Technical analysis published on 06/27/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.015791 USD
My targets
0.016250 USD (+1.51%)
0.016540 USD (+3.32%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for TRON - TRX/USD as long as the price remains well above 0.015791 USD. The buyers” bullish objective is set at 0.016250 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.016540 USD. If there is any crossing, the next objective would be the resistance located at 0.017000 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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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 0.016008 USD. The price has increased by +1.12% since the last closing and was traded between 0.015737 USD and 0.016038 USD over the period. The price is currently at +1.72% from its lowest and -0.19% from its highest.0.015737
0.016038
0.016008
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this TRON - TRX/USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish 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, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.015363 | 0.015635 | 0.015791 | 0.016008 | 0.016250 | 0.016540 | 0.017000 |
| Change (%) | -4.03% | -2.33% | -1.36% | - | +1.51% | +3.32% | +6.20% |
| Change | -0.000645 | -0.000373 | -0.000217 | - | +0.000242 | +0.000532 | +0.000992 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 0.015088 | 0.015341 | 0.015586 | 0.015839 | 0.016084 | 0.016337 | 0.016582 |
| Camarilla | 0.015694 | 0.015740 | 0.015785 | 0.015831 | 0.015877 | 0.015922 | 0.015968 |
| Woodie | 0.015084 | 0.015339 | 0.015582 | 0.015837 | 0.016080 | 0.016335 | 0.016578 |
| Fibonacci | 0.015341 | 0.015531 | 0.015649 | 0.015839 | 0.016029 | 0.016147 | 0.016337 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010659 | 0.012803 | 0.014401 | 0.016545 | 0.018143 | 0.020287 | 0.021885 |
| Camarilla | 0.014969 | 0.015312 | 0.015655 | 0.015998 | 0.016341 | 0.016684 | 0.017027 |
| Woodie | 0.010385 | 0.012667 | 0.014127 | 0.016409 | 0.017869 | 0.020151 | 0.021611 |
| Fibonacci | 0.012803 | 0.014233 | 0.015116 | 0.016545 | 0.017975 | 0.018858 | 0.020287 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.009081 | |
| AROON (14): | 78.571428 | |
| DEMA (21): | 0.015917 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.015842 | |
| Elder Ray (13): | 0.000074 | |
| Super Trend (3,10): | 0.016226 | |
| Zig ZAG (10): | 0.015945 | |
| VORTEX (21): | 1.0936 | |
| Stochastique (14,3,5): | 72.92 | |
| TEMA (21): | 0.015950 | |
| Williams %R (14): | -35.22 | |
| Chande Momentum Oscillator (20): | 0.000133 | |
| Repulse (5,40,3): | -0.3337 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0102 | |
| Courbe Coppock: | 1.31 |
| MA7: | 0.016024 | |
| MA20: | 0.016324 | |
| MA50: | 0.015807 | |
| MA100: | 0.014510 | |
| MAexp7: | 0.015926 | |
| MAexp20: | 0.015894 | |
| MAexp50: | 0.015906 | |
| MAexp100: | 0.015969 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -1.94% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +10.32% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.24% |
Quotes :
2020-06-27 12:30:55
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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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