TRON - TRX/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	TRXUSD
ISIN:

TRON - TRX/USD - Daily - Technical analysis published on 12/17/2020 (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

78%

11%

My opinion

Bullish above 0.030376 USD

My targets

0.032524 USD (+2.60%)

0.035073 USD (+10.64%)

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 0.030376 USD. The next resistance located at 0.032524 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 0.035073 USD. After this resistance, buyers could then target 0.038347 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

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 0.031699 USD. The price registered an increase of +0.87% on the session and was between 0.030373 USD and 0.032059 USD. This implies that the price is at +4.37% from its lowest and at -1.12% from its highest.

0.030373

0.032059

0.031699

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 TRON - TRX/USD in Daily shows a strongly overall bullish trend. 82.14% 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 market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.024678	0.026633	0.030376	0.031699	0.032524	0.035073	0.038347
Change (%)	-22.15%	-15.98%	-4.17%	-	+2.60%	+10.64%	+20.97%
Change	-0.007021	-0.005066	-0.001323	-	+0.000825	+0.003374	+0.006648
Level	Intermediate	Major	Minor	-	Minor	Major	Intermediate

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	0.027027	0.027910	0.029669	0.030552	0.032311	0.033194	0.034953
Camarilla	0.030701	0.030943	0.031185	0.031427	0.031669	0.031911	0.032154
Woodie	0.027464	0.028129	0.030106	0.030771	0.032748	0.033413	0.035390
Fibonacci	0.027910	0.028920	0.029543	0.030552	0.031562	0.032185	0.033194

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.022343	0.024671	0.026622	0.028950	0.030901	0.033229	0.035180
Camarilla	0.027396	0.027789	0.028181	0.028573	0.028965	0.029358	0.029750
Woodie	0.022155	0.024577	0.026434	0.028856	0.030713	0.033135	0.034992
Fibonacci	0.024671	0.026306	0.027315	0.028950	0.030585	0.031594	0.033229

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007934	0.015510	0.024017	0.031593	0.040100	0.047676	0.056183
Camarilla	0.028101	0.029575	0.031050	0.032524	0.033998	0.035473	0.036947
Woodie	0.008400	0.015743	0.024483	0.031826	0.040566	0.047909	0.056649
Fibonacci	0.015510	0.021654	0.025449	0.031593	0.037737	0.041532	0.047676

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):	58.68
MACD (12,26,9):	0.0004
Directional Movement:	13.551060
AROON (14):	57.142857
DEMA (21):	0.030242
Parabolic SAR (0,02-0,02-0,2):	0.033770
Elder Ray (13):	0.001396
Super Trend (3,10):	0.027085
Zig ZAG (10):	0.031609
VORTEX (21):	1.0795
Stochastique (14,3,5):	74.92
TEMA (21):	0.030041
Williams %R (14):	-5.49
Chande Momentum Oscillator (20):	0.001348
Repulse (5,40,3):	10.6865
ROCnROLL:	1
TRIX (15,9):	0.1737
Courbe Coppock:	7.67

MA7:	0.029571
MA20:	0.030001
MA50:	0.028187
MA100:	0.027713
MAexp7:	0.030171
MAexp20:	0.029652
MAexp50:	0.028754
MAexp100:	0.027381
Price / MA7:	+7.20%
Price / MA20:	+5.66%
Price / MA50:	+12.46%
Price / MA100:	+14.38%
Price / MAexp7:	+5.06%
Price / MAexp20:	+6.90%
Price / MAexp50:	+10.24%
Price / MAexp100:	+15.77%

Quotes : 2020-12-17 12:53:33 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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