TRON - TRX/USD - Daily - Technical analysis published on 11/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.026493 USD
My targets
0.023581 USD (-5.93%)
0.020572 USD (-17.94%)
My analysis
TRON - TRX/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.026493 USD. The next support located at 0.023581 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.020572 USD. Below this support, sellers could then target 0.018352 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
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 rating is 0.025068 USD. On the day, this instrument lost -2.48% with the lowest point at 0.024623 USD and the highest point at 0.026086 USD. The deviation from the price is +1.81% for the low point and -3.90% for the high point.0.024623
0.026086
0.025068
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of TRON - TRX/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
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
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 horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.015512 | 0.018352 | 0.020572 | 0.025068 | 0.026493 | 0.030376 | 0.035114 |
| Change (%) | -38.12% | -26.79% | -17.94% | - | +5.68% | +21.17% | +40.07% |
| Change | -0.009556 | -0.006716 | -0.004496 | - | +0.001425 | +0.005308 | +0.010046 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023532 | 0.024091 | 0.024898 | 0.025457 | 0.026264 | 0.026823 | 0.027630 |
| Camarilla | 0.025329 | 0.025455 | 0.025580 | 0.025705 | 0.025830 | 0.025955 | 0.026081 |
| Woodie | 0.023656 | 0.024153 | 0.025022 | 0.025519 | 0.026388 | 0.026885 | 0.027754 |
| Fibonacci | 0.024091 | 0.024613 | 0.024935 | 0.025457 | 0.025979 | 0.026301 | 0.026823 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018923 | 0.021004 | 0.022966 | 0.025047 | 0.027009 | 0.029090 | 0.031052 |
| Camarilla | 0.023815 | 0.024186 | 0.024556 | 0.024927 | 0.025298 | 0.025668 | 0.026039 |
| Woodie | 0.018863 | 0.020974 | 0.022906 | 0.025017 | 0.026949 | 0.029060 | 0.030992 |
| Fibonacci | 0.021004 | 0.022549 | 0.023503 | 0.025047 | 0.026592 | 0.027546 | 0.029090 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018124 | 0.021063 | 0.023581 | 0.026520 | 0.029038 | 0.031977 | 0.034495 |
| Camarilla | 0.024598 | 0.025099 | 0.025599 | 0.026099 | 0.026599 | 0.027100 | 0.027600 |
| Woodie | 0.017914 | 0.020958 | 0.023371 | 0.026415 | 0.028828 | 0.031872 | 0.034285 |
| Fibonacci | 0.021063 | 0.023148 | 0.024435 | 0.026520 | 0.028605 | 0.029892 | 0.031977 |
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): | 44.10 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 3.366523 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.025295 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.023246 | |
| Elder Ray (13): | -0.000229 | |
| Super Trend (3,10): | 0.028334 | |
| Zig ZAG (10): | 0.025225 | |
| VORTEX (21): | 0.9696 | |
| Stochastique (14,3,5): | 49.85 | |
| TEMA (21): | 0.025169 | |
| Williams %R (14): | -52.74 | |
| Chande Momentum Oscillator (20): | -0.001684 | |
| Repulse (5,40,3): | -1.3119 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1682 | |
| Courbe Coppock: | 11.49 |
| MA7: | 0.025191 | |
| MA20: | 0.026075 | |
| MA50: | 0.026144 | |
| MA100: | 0.026517 | |
| MAexp7: | 0.025362 | |
| MAexp20: | 0.025776 | |
| MAexp50: | 0.026174 | |
| MAexp100: | 0.025234 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -3.86% | |
| Price / MA50: | -4.12% | |
| Price / MA100: | -5.46% | |
| Price / MAexp7: | -1.16% | |
| Price / MAexp20: | -2.75% | |
| Price / MAexp50: | -4.23% | |
| Price / MAexp100: | -0.66% |
Quotes :
2020-11-09 16:58:23
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Real time data
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