TRON - TRX/USD - Daily - Technical analysis published on 07/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.016379 USD
My targets
0.018515 USD (+3.79%)
0.022631 USD (+26.86%)
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 0.016379 USD. The next resistance located at 0.018515 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 0.022631 USD. After this resistance, buyers could then target 0.027613 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.
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
7.9
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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
The TRON - TRX/USD rating is 0.017839 USD. The price registered a decrease of -0.47% on the session and was traded between 0.017733 USD and 0.018160 USD over the period. The price is currently at +0.60% from its lowest and -1.77% from its highest.0.017733
0.018160
0.017839
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.012079 | 0.013891 | 0.016379 | 0.017839 | 0.018515 | 0.022631 | 0.027613 |
Change (%) | -32.29% | -22.13% | -8.18% | - | +3.79% | +26.86% | +54.79% |
Change | -0.005760 | -0.003948 | -0.001460 | - | +0.000676 | +0.004792 | +0.009774 |
Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.016378 | 0.016877 | 0.017401 | 0.017900 | 0.018424 | 0.018923 | 0.019447 |
Camarilla | 0.017643 | 0.017736 | 0.017830 | 0.017924 | 0.018018 | 0.018112 | 0.018205 |
Woodie | 0.016390 | 0.016883 | 0.017413 | 0.017906 | 0.018436 | 0.018929 | 0.019459 |
Fibonacci | 0.016877 | 0.017268 | 0.017510 | 0.017900 | 0.018291 | 0.018533 | 0.018923 |
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): | 57.59 | |
MACD (12,26,9): | 0.0003 | |
Directional Movement: | 4.386720 | |
AROON (14): | -50.000000 | |
DEMA (21): | 0.017801 | |
Parabolic SAR (0,02-0,02-0,2): | 0.016830 | |
Elder Ray (13): | 0.000388 | |
Super Trend (3,10): | 0.015661 | |
Zig ZAG (10): | 0.017896 | |
VORTEX (21): | 1.0941 | |
Stochastique (14,3,5): | 50.36 | |
TEMA (21): | 0.017794 | |
Williams %R (14): | -41.90 | |
Chande Momentum Oscillator (20): | -0.000466 | |
Repulse (5,40,3): | 1.7923 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2614 | |
Courbe Coppock: | 1.58 |
MA7: | 0.017537 | |
MA20: | 0.017642 | |
MA50: | 0.016923 | |
MA100: | 0.015887 | |
MAexp7: | 0.017658 | |
MAexp20: | 0.017450 | |
MAexp50: | 0.016870 | |
MAexp100: | 0.016284 | |
Price / MA7: | +1.72% | |
Price / MA20: | +1.12% | |
Price / MA50: | +5.41% | |
Price / MA100: | +12.29% | |
Price / MAexp7: | +1.03% | |
Price / MAexp20: | +2.23% | |
Price / MAexp50: | +5.74% | |
Price / MAexp100: | +9.55% |
Quotes :
2020-07-23 16:03:02
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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.
About author
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…
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