TRON - TRX/USD - 1H - Technical analysis published on 10/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.026493 USD
My targets
0.027435 USD (+1.67%)
0.027859 USD (+3.24%)
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 0.026493 USD. The next resistance located at 0.027435 USD is the next bullish target 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 0.027859 USD. After this resistance, buyers could then target 0.030376 USD.
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
5.5
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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 0.026984 USD. On the day, this instrument gained +0.47% and was traded between 0.026606 USD and 0.027146 USD over the period. The price is currently at +1.42% from its lowest and -0.60% from its highest.0.026606
0.027146
0.026984
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 1H chart of TRON - TRX/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.025862 | 0.026493 | 0.026853 | 0.026984 | 0.027435 | 0.027859 | 0.030376 |
| Change (%) | -4.16% | -1.82% | -0.49% | - | +1.67% | +3.24% | +12.57% |
| Change | -0.001122 | -0.000491 | -0.000131 | - | +0.000451 | +0.000875 | +0.003392 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 | 0.025663 | 0.026083 | 0.026470 | 0.026890 | 0.027277 | 0.027697 | 0.028084 |
| Camarilla | 0.026636 | 0.026710 | 0.026784 | 0.026858 | 0.026932 | 0.027006 | 0.027080 |
| Woodie | 0.025648 | 0.026075 | 0.026455 | 0.026882 | 0.027262 | 0.027689 | 0.028069 |
| Fibonacci | 0.026083 | 0.026391 | 0.026581 | 0.026890 | 0.027198 | 0.027388 | 0.027697 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022606 | 0.023773 | 0.025108 | 0.026275 | 0.027610 | 0.028777 | 0.030112 |
| Camarilla | 0.025755 | 0.025984 | 0.026214 | 0.026443 | 0.026672 | 0.026902 | 0.027131 |
| Woodie | 0.022690 | 0.023815 | 0.025192 | 0.026317 | 0.027694 | 0.028819 | 0.030196 |
| Fibonacci | 0.023773 | 0.024729 | 0.025319 | 0.026275 | 0.027231 | 0.027821 | 0.028777 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021065 | 0.019449 | 0.023032 | 0.021416 | 0.024999 | 0.023383 | 0.026966 |
| Camarilla | 0.026075 | 0.026255 | 0.026436 | 0.026616 | 0.026796 | 0.026977 | 0.027157 |
| Woodie | 0.023666 | 0.020749 | 0.025633 | 0.022716 | 0.027600 | 0.024683 | 0.029567 |
| Fibonacci | 0.019449 | 0.020200 | 0.020664 | 0.021416 | 0.022167 | 0.022631 | 0.023383 |
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): | 53.69 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.830073 | |
| AROON (14): | -7.142852 | |
| DEMA (21): | 0.026829 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.027125 | |
| Elder Ray (13): | -0.000001 | |
| Super Trend (3,10): | 0.026369 | |
| Zig ZAG (10): | 0.026855 | |
| VORTEX (21): | 1.0243 | |
| Stochastique (14,3,5): | 30.56 | |
| TEMA (21): | 0.026805 | |
| Williams %R (14): | -55.74 | |
| Chande Momentum Oscillator (20): | -0.000072 | |
| Repulse (5,40,3): | -0.3064 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0110 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.025668 | |
| MA20: | 0.026056 | |
| MA50: | 0.028240 | |
| MA100: | 0.024496 | |
| MAexp7: | 0.026827 | |
| MAexp20: | 0.026863 | |
| MAexp50: | 0.026844 | |
| MAexp100: | 0.026722 | |
| Price / MA7: | +5.13% | |
| Price / MA20: | +3.56% | |
| Price / MA50: | -4.45% | |
| Price / MA100: | +10.16% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.98% |
Quotes :
2020-10-14 13:53:36
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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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