TRON - TRX/USD - 1H - Technical analysis published on 02/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 0.048520 USD and 0.050827 USD
My targets
-
My analysis
The strong short-term increase on TRON - TRX/USD is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 0.048520 USD, you could take advantage of the short-term boom. The first bullish objective would be 0.050827 USD. Then the price could move towards 0.055201 USD. Then 0.059999 USD by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 0.048520 USD could be a sign of a reversal of the bearish trend.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 0.048709 USD. On the day, this instrument gained +8.24% and was traded between 0.043019 USD and 0.048790 USD over the period. The price is currently at +13.23% from its lowest and -0.17% from its highest.0.043019
0.048790
0.048709
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:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this TRON - TRX/USD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.038347 | 0.041443 | 0.048680 | 0.048709 | 0.050827 | 0.055201 | 0.059999 |
| Change (%) | -21.27% | -14.92% | -0.06% | - | +4.35% | +13.33% | +23.18% |
| Change | -0.010362 | -0.007266 | -0.000029 | - | +0.002118 | +0.006492 | +0.011290 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 0.020659 | 0.029421 | 0.037212 | 0.045974 | 0.053765 | 0.062527 | 0.070318 |
| Camarilla | 0.040450 | 0.041967 | 0.043485 | 0.045002 | 0.046519 | 0.048037 | 0.049554 |
| Woodie | 0.020173 | 0.029178 | 0.036726 | 0.045731 | 0.053279 | 0.062284 | 0.069832 |
| Fibonacci | 0.029421 | 0.035745 | 0.039651 | 0.045974 | 0.052298 | 0.056204 | 0.062527 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030775 | 0.038803 | 0.048520 | 0.056548 | 0.066265 | 0.074293 | 0.084010 |
| Camarilla | 0.053356 | 0.054983 | 0.056609 | 0.058236 | 0.059863 | 0.061489 | 0.063116 |
| Woodie | 0.031619 | 0.039225 | 0.049364 | 0.056970 | 0.067109 | 0.074715 | 0.084854 |
| Fibonacci | 0.038803 | 0.045582 | 0.049770 | 0.056548 | 0.063327 | 0.067515 | 0.074293 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003696 | 0.014374 | 0.023094 | 0.033772 | 0.042492 | 0.053170 | 0.061890 |
| Camarilla | 0.026479 | 0.028257 | 0.030035 | 0.031813 | 0.033591 | 0.035369 | 0.037148 |
| Woodie | 0.002716 | 0.013885 | 0.022114 | 0.033283 | 0.041512 | 0.052681 | 0.060910 |
| Fibonacci | 0.014374 | 0.021784 | 0.026362 | 0.033772 | 0.041182 | 0.045760 | 0.053170 |
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): | 57.85 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.985268 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.045879 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.045645 | |
| Elder Ray (13): | 0.001256 | |
| Super Trend (3,10): | 0.049405 | |
| Zig ZAG (10): | 0.048320 | |
| VORTEX (21): | 1.1488 | |
| Stochastique (14,3,5): | 84.71 | |
| TEMA (21): | 0.047588 | |
| Williams %R (14): | -8.92 | |
| Chande Momentum Oscillator (20): | 0.004022 | |
| Repulse (5,40,3): | 3.6924 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2486 | |
| Courbe Coppock: | 15.68 |
| MA7: | 0.054394 | |
| MA20: | 0.050239 | |
| MA50: | 0.038583 | |
| MA100: | 0.033952 | |
| MAexp7: | 0.047110 | |
| MAexp20: | 0.046488 | |
| MAexp50: | 0.048653 | |
| MAexp100: | 0.051628 | |
| Price / MA7: | -10.45% | |
| Price / MA20: | -3.05% | |
| Price / MA50: | +26.24% | |
| Price / MA100: | +43.46% | |
| Price / MAexp7: | +3.39% | |
| Price / MAexp20: | +4.78% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | -5.65% |
Quotes :
2021-02-24 08:39:09
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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