TRON - TRX/USD - 1H - Technical analysis published on 07/21/2020 (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
61%
0%
39%
My opinion
Bullish above 0.017390 USD
My targets
0.017961 USD (+1.79%)
0.018515 USD (+4.93%)
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 0.017390 USD. The next resistance located at 0.017961 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 0.018515 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
7.7
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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 0.017645 USD. On the day, this instrument gained +3.00% and was between 0.017126 USD and 0.017767 USD. This implies that the price is at +3.03% from its lowest and at -0.69% from its highest.0.017126
0.017767
0.017645
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
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 : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance 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 | 0.017019 | 0.017390 | 0.017617 | 0.017645 | 0.017961 | 0.018515 | 0.022631 |
| Change (%) | -3.55% | -1.45% | -0.16% | - | +1.79% | +4.93% | +28.26% |
| Change | -0.000626 | -0.000255 | -0.000028 | - | +0.000316 | +0.000870 | +0.004986 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016147 | 0.016536 | 0.016834 | 0.017223 | 0.017521 | 0.017910 | 0.018208 |
| Camarilla | 0.016942 | 0.017005 | 0.017068 | 0.017131 | 0.017194 | 0.017257 | 0.017320 |
| Woodie | 0.016101 | 0.016513 | 0.016788 | 0.017200 | 0.017475 | 0.017887 | 0.018162 |
| Fibonacci | 0.016536 | 0.016799 | 0.016961 | 0.017223 | 0.017486 | 0.017648 | 0.017910 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014588 | 0.015608 | 0.016519 | 0.017539 | 0.018450 | 0.019470 | 0.020381 |
| Camarilla | 0.016900 | 0.017077 | 0.017254 | 0.017431 | 0.017608 | 0.017785 | 0.017962 |
| Woodie | 0.014535 | 0.015581 | 0.016466 | 0.017512 | 0.018397 | 0.019443 | 0.020328 |
| Fibonacci | 0.015608 | 0.016345 | 0.016801 | 0.017539 | 0.018276 | 0.018732 | 0.019470 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.81 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 8.707023 | |
| AROON (14): | 50.000002 | |
| DEMA (21): | 0.017538 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.017421 | |
| Elder Ray (13): | 0.000064 | |
| Super Trend (3,10): | 0.017182 | |
| Zig ZAG (10): | 0.017592 | |
| VORTEX (21): | 1.1734 | |
| Stochastique (14,3,5): | 78.27 | |
| TEMA (21): | 0.017625 | |
| Williams %R (14): | -40.67 | |
| Chande Momentum Oscillator (20): | 0.000364 | |
| Repulse (5,40,3): | -0.0039 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0454 | |
| Courbe Coppock: | 4.81 |
| MA7: | 0.017370 | |
| MA20: | 0.017505 | |
| MA50: | 0.016868 | |
| MA100: | 0.015778 | |
| MAexp7: | 0.017582 | |
| MAexp20: | 0.017444 | |
| MAexp50: | 0.017374 | |
| MAexp100: | 0.017363 | |
| Price / MA7: | +1.58% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +4.61% | |
| Price / MA100: | +11.83% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | +1.56% | |
| Price / MAexp100: | +1.62% |
Quotes :
2020-07-21 15:58:14
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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