TRON - TRX/USD - Daily - Technical analysis published on 08/07/2020 (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
72%
0%
28%
My opinion
Bullish above 0.018515 USD
My targets
0.022631 USD (+8.86%)
0.027613 USD (+32.83%)
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 0.018515 USD. The next resistance located at 0.022631 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 0.027613 USD. After this resistance, buyers could then target 0.092980 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
8.4
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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 0.020789 USD. The price registered an increase of +2.66% on the session and was between 0.020169 USD and 0.021130 USD. This implies that the price is at +3.07% from its lowest and at -1.61% from its highest.0.020169
0.021130
0.020789
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Technical
Technical analysis of this Daily chart of TRON - TRX/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016379 | 0.018515 | 0.020572 | 0.020789 | 0.022631 | 0.027613 | 0.092980 |
| Change (%) | -21.21% | -10.94% | -1.04% | - | +8.86% | +32.83% | +347.26% |
| Change | -0.004410 | -0.002274 | -0.000217 | - | +0.001842 | +0.006824 | +0.072191 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017423 | 0.018217 | 0.019233 | 0.020027 | 0.021043 | 0.021837 | 0.022853 |
| Camarilla | 0.019752 | 0.019918 | 0.020084 | 0.020250 | 0.020416 | 0.020582 | 0.020748 |
| Woodie | 0.017535 | 0.018273 | 0.019345 | 0.020083 | 0.021155 | 0.021893 | 0.022965 |
| Fibonacci | 0.018217 | 0.018908 | 0.019335 | 0.020027 | 0.020718 | 0.021145 | 0.021837 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015299 | 0.016487 | 0.018530 | 0.019718 | 0.021761 | 0.022949 | 0.024992 |
| Camarilla | 0.019684 | 0.019980 | 0.020276 | 0.020572 | 0.020868 | 0.021164 | 0.021461 |
| Woodie | 0.015726 | 0.016701 | 0.018957 | 0.019932 | 0.022188 | 0.023163 | 0.025419 |
| Fibonacci | 0.016487 | 0.017722 | 0.018484 | 0.019718 | 0.020953 | 0.021715 | 0.022949 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016692 | 0.015322 | 0.017849 | 0.016479 | 0.019006 | 0.017636 | 0.020163 |
| Camarilla | 0.020059 | 0.020165 | 0.020271 | 0.020377 | 0.020483 | 0.020589 | 0.020695 |
| Woodie | 0.018642 | 0.016296 | 0.019799 | 0.017453 | 0.020956 | 0.018610 | 0.022113 |
| Fibonacci | 0.015322 | 0.015764 | 0.016037 | 0.016479 | 0.016921 | 0.017194 | 0.017636 |
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): | 57.52 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 0.792591 | |
| AROON (14): | -21.428569 | |
| DEMA (21): | 0.019805 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.013951 | |
| Elder Ray (13): | 0.001329 | |
| Super Trend (3,10): | 0.014617 | |
| Zig ZAG (10): | 0.020780 | |
| VORTEX (21): | 1.0733 | |
| Stochastique (14,3,5): | 87.77 | |
| TEMA (21): | 0.019945 | |
| Williams %R (14): | -8.71 | |
| Chande Momentum Oscillator (20): | 0.001967 | |
| Repulse (5,40,3): | 5.0963 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4402 | |
| Courbe Coppock: | 15.78 |
| MA7: | 0.019384 | |
| MA20: | 0.018916 | |
| MA50: | 0.017731 | |
| MA100: | 0.016771 | |
| MAexp7: | 0.019641 | |
| MAexp20: | 0.019022 | |
| MAexp50: | 0.018022 | |
| MAexp100: | 0.017082 | |
| Price / MA7: | +7.25% | |
| Price / MA20: | +9.90% | |
| Price / MA50: | +17.25% | |
| Price / MA100: | +23.96% | |
| Price / MAexp7: | +5.84% | |
| Price / MAexp20: | +9.29% | |
| Price / MAexp50: | +15.35% | |
| Price / MAexp100: | +21.70% |
Quotes :
2020-08-07 13:32:26
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Real time data
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