TRON - TRX/USD - 1H - Technical analysis published on 07/06/2020 (GMT)
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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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.017227 USD
My targets
0.018295 USD (+2.05%)
0.019776 USD (+10.31%)
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 0.017227 USD. The next resistance located at 0.018295 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
8.9
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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 0.017927 USD. The price has increased by +6.10% since the last closing and was traded between 0.016896 USD and 0.017997 USD over the period. The price is currently at +6.10% from its lowest and -0.39% from its highest.0.016896
0.017997
0.017927
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on TRON - TRX/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is strongly bullish. 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016607 | 0.016878 | 0.017227 | 0.017927 | 0.018295 | 0.019776 | 0.022631 |
| Change (%) | -7.36% | -5.85% | -3.90% | - | +2.05% | +10.31% | +26.24% |
| Change | -0.001320 | -0.001049 | -0.000700 | - | +0.000368 | +0.001849 | +0.004704 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 0.015810 | 0.016067 | 0.016481 | 0.016738 | 0.017152 | 0.017409 | 0.017823 |
| Camarilla | 0.016712 | 0.016773 | 0.016835 | 0.016896 | 0.016958 | 0.017019 | 0.017081 |
| Woodie | 0.015890 | 0.016106 | 0.016561 | 0.016777 | 0.017232 | 0.017448 | 0.017903 |
| Fibonacci | 0.016067 | 0.016323 | 0.016481 | 0.016738 | 0.016994 | 0.017152 | 0.017409 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013603 | 0.014411 | 0.015616 | 0.016424 | 0.017629 | 0.018437 | 0.019642 |
| Camarilla | 0.016266 | 0.016451 | 0.016636 | 0.016820 | 0.017005 | 0.017189 | 0.017374 |
| Woodie | 0.013801 | 0.014510 | 0.015814 | 0.016523 | 0.017827 | 0.018536 | 0.019840 |
| Fibonacci | 0.014411 | 0.015180 | 0.015655 | 0.016424 | 0.017193 | 0.017668 | 0.018437 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010732 | 0.012792 | 0.014571 | 0.016631 | 0.018410 | 0.020470 | 0.022249 |
| Camarilla | 0.015295 | 0.015647 | 0.015999 | 0.016351 | 0.016703 | 0.017055 | 0.017407 |
| Woodie | 0.010593 | 0.012722 | 0.014432 | 0.016561 | 0.018271 | 0.020400 | 0.022110 |
| Fibonacci | 0.012792 | 0.014258 | 0.015164 | 0.016631 | 0.018097 | 0.019003 | 0.020470 |
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): | 75.91 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 22.622635 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.017647 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.017203 | |
| Elder Ray (13): | 0.000258 | |
| Super Trend (3,10): | 0.017042 | |
| Zig ZAG (10): | 0.017987 | |
| VORTEX (21): | 1.2209 | |
| Stochastique (14,3,5): | 89.34 | |
| TEMA (21): | 0.017829 | |
| Williams %R (14): | -7.54 | |
| Chande Momentum Oscillator (20): | 0.000582 | |
| Repulse (5,40,3): | 1.4698 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2083 | |
| Courbe Coppock: | 11.34 |
| MA7: | 0.016855 | |
| MA20: | 0.016279 | |
| MA50: | 0.016113 | |
| MA100: | 0.014986 | |
| MAexp7: | 0.017692 | |
| MAexp20: | 0.017371 | |
| MAexp50: | 0.017050 | |
| MAexp100: | 0.016857 | |
| Price / MA7: | +6.36% | |
| Price / MA20: | +10.12% | |
| Price / MA50: | +11.26% | |
| Price / MA100: | +19.62% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | +3.20% | |
| Price / MAexp50: | +5.14% | |
| Price / MAexp100: | +6.35% |
Quotes :
2020-07-06 12:40:38
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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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