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 06/29/2020 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 0.013873 USD

My targets

0.018295 USD (+13.51%)

0.022631 USD (+40.41%)

My analysis

The basic bullish trend is very strong on TRON - TRX/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.013873 USD. Crossing the first resistance at 0.018295 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.022631 USD as an objective. Crossing it would then enable buyers to target 0.027613 USD. Caution, a return to below 0.013873 USD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.8

Comment on the analysis

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 0.016118 USD. The price registered an increase of +2.08% on the session and was traded between 0.015725 USD and 0.016216 USD over the period. The price is currently at +2.50% from its lowest and -0.60% from its highest.

0.015725

0.016216

0.016118

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of TRON - TRX/USD in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.008430	0.012079	0.013873	0.016118	0.016250	0.018295	0.022631
Change (%)	-47.70%	-25.06%	-13.93%	-	+0.82%	+13.51%	+40.41%
Change	-0.007688	-0.004039	-0.002245	-	+0.000132	+0.002177	+0.006513
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.014516	0.014868	0.015329	0.015681	0.016142	0.016494	0.016955
Camarilla	0.015566	0.015641	0.015716	0.015790	0.015865	0.015939	0.016014
Woodie	0.014571	0.014895	0.015384	0.015708	0.016197	0.016521	0.017010
Fibonacci	0.014868	0.015179	0.015370	0.015681	0.015992	0.016183	0.016494

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012348	0.013599	0.014497	0.015748	0.016646	0.017897	0.018795
Camarilla	0.014803	0.015000	0.015197	0.015394	0.015591	0.015788	0.015985
Woodie	0.012171	0.013511	0.014320	0.015660	0.016469	0.017809	0.018618
Fibonacci	0.013599	0.014420	0.014927	0.015748	0.016569	0.017076	0.017897

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.02
MACD (12,26,9):	-0.0001
Directional Movement:	-1.661068
AROON (14):	-78.571430
DEMA (21):	0.016012
Parabolic SAR (0,02-0,02-0,2):	0.018268
Elder Ray (13):	-0.000013
Super Trend (3,10):	0.014977
Zig ZAG (10):	0.016122
VORTEX (21):	0.9018
Stochastique (14,3,5):	22.10
TEMA (21):	0.015704
Williams %R (14):	-72.47
Chande Momentum Oscillator (20):	-0.000242
Repulse (5,40,3):	0.9665
ROCnROLL:	-1
TRIX (15,9):	0.0011
Courbe Coppock:	6.24

MA7:	0.015896
MA20:	0.016108
MA50:	0.015825
MA100:	0.014597
MAexp7:	0.015881
MAexp20:	0.016046
MAexp50:	0.015808
MAexp100:	0.015499
Price / MA7:	+1.40%
Price / MA20:	+0.06%
Price / MA50:	+1.85%
Price / MA100:	+10.42%
Price / MAexp7:	+1.49%
Price / MAexp20:	+0.45%
Price / MAexp50:	+1.96%
Price / MAexp100:	+3.99%

Quotes : 2020-06-29 14:35:57 - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15104

Number of analyses :

72409

Followers :

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