TRON - TRX/USD - 1H - Technical analysis published on 07/17/2020 (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:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.017019 USD
My targets
0.017790 USD (+2.78%)
0.018295 USD (+5.70%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or 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 0.017019 USD. The buyers” bullish objective is set at 0.017790 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.018295 USD. If there is any crossing, the next objective would be the resistance located at 0.018499 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.017790 USD. On this resistance, against the trend traders who would like to go short on TRON - TRX/USD with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2
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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
The TRON - TRX/USD price is 0.017308 USD. The price registered an increase of +0.83% on the session with the lowest point at 0.016973 USD and the highest point at 0.017386 USD. The deviation from the price is +1.97% for the low point and -0.45% for the high point.0.016973
0.017386
0.017308
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016379 | 0.016627 | 0.017019 | 0.017308 | 0.017790 | 0.018295 | 0.018499 |
| Change (%) | -5.37% | -3.93% | -1.67% | - | +2.78% | +5.70% | +6.88% |
| Change | -0.000929 | -0.000681 | -0.000289 | - | +0.000482 | +0.000987 | +0.001191 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015555 | 0.016091 | 0.016628 | 0.017164 | 0.017701 | 0.018237 | 0.018774 |
| Camarilla | 0.016870 | 0.016968 | 0.017067 | 0.017165 | 0.017263 | 0.017362 | 0.017460 |
| Woodie | 0.015556 | 0.016091 | 0.016629 | 0.017164 | 0.017702 | 0.018237 | 0.018775 |
| Fibonacci | 0.016091 | 0.016501 | 0.016754 | 0.017164 | 0.017574 | 0.017827 | 0.018237 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013936 | 0.015130 | 0.016753 | 0.017947 | 0.019570 | 0.020764 | 0.022387 |
| Camarilla | 0.017602 | 0.017861 | 0.018119 | 0.018377 | 0.018635 | 0.018894 | 0.019152 |
| Woodie | 0.014152 | 0.015237 | 0.016969 | 0.018054 | 0.019786 | 0.020871 | 0.022603 |
| Fibonacci | 0.015130 | 0.016206 | 0.016871 | 0.017947 | 0.019023 | 0.019688 | 0.020764 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.76 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.050831 | |
| AROON (14): | 49.999998 | |
| DEMA (21): | 0.017203 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.017106 | |
| Elder Ray (13): | 0.000047 | |
| Super Trend (3,10): | 0.017441 | |
| Zig ZAG (10): | 0.017282 | |
| VORTEX (21): | 1.1423 | |
| Stochastique (14,3,5): | 69.25 | |
| TEMA (21): | 0.017273 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.000177 | |
| Repulse (5,40,3): | -0.2985 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0057 | |
| Courbe Coppock: | 1.29 |
| MA7: | 0.017681 | |
| MA20: | 0.017288 | |
| MA50: | 0.016761 | |
| MA100: | 0.015595 | |
| MAexp7: | 0.017246 | |
| MAexp20: | 0.017190 | |
| MAexp50: | 0.017250 | |
| MAexp100: | 0.017421 | |
| Price / MA7: | -2.11% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +3.26% | |
| Price / MA100: | +10.98% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | -0.65% |
Quotes :
2020-07-17 16:13:51
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Real time data
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