TRON - TRX/USD - 1H - Technical analysis published on 05/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.128681 USD
My targets
0.119286 USD (-3.21%)
0.112695 USD (-8.56%)
My analysis
The basic trend is bearish on TRON - TRX/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.128681 USD. Buyers would then use the next resistance located at 0.136532 USD as an objective. Crossing it would then enable buyers to target 0.151821 USD. If there is a return to below the support located at 0.119286 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.112695 USD and 0.101627 USD by extension.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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Additional analysis
Quotes
The TRON - TRX/USD price is 0.123243 USD. On the day, this instrument lost -1.21% and was traded between 0.118174 USD and 0.127470 USD over the period. The price is currently at +4.29% from its lowest and -3.32% from its highest.0.118174
0.127470
0.123243
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Technical
A technical analysis in 1H of this TRON - TRX/USD chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.101627 | 0.112695 | 0.119286 | 0.123243 | 0.128681 | 0.136532 | 0.151821 |
| Change (%) | -17.54% | -8.56% | -3.21% | - | +4.41% | +10.78% | +23.19% |
| Change | -0.021616 | -0.010548 | -0.003957 | - | +0.005438 | +0.013289 | +0.028578 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 0.110189 | 0.114735 | 0.119743 | 0.124289 | 0.129297 | 0.133843 | 0.138851 |
| Camarilla | 0.122123 | 0.122998 | 0.123874 | 0.124750 | 0.125626 | 0.126502 | 0.127377 |
| Woodie | 0.110419 | 0.114851 | 0.119973 | 0.124405 | 0.129527 | 0.133959 | 0.139081 |
| Fibonacci | 0.114735 | 0.118385 | 0.120640 | 0.124289 | 0.127939 | 0.130194 | 0.133843 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.065603 | 0.091753 | 0.117811 | 0.143961 | 0.170019 | 0.196169 | 0.222227 |
| Camarilla | 0.129512 | 0.134298 | 0.139083 | 0.143869 | 0.148655 | 0.153441 | 0.158226 |
| Woodie | 0.065557 | 0.091730 | 0.117765 | 0.143938 | 0.169973 | 0.196146 | 0.222181 |
| Fibonacci | 0.091753 | 0.111697 | 0.124018 | 0.143961 | 0.163905 | 0.176226 | 0.196169 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.014965 | 0.033679 | 0.083006 | 0.131650 | 0.180977 | 0.229621 | 0.278948 |
| Camarilla | 0.105392 | 0.114373 | 0.123353 | 0.132334 | 0.141315 | 0.150295 | 0.159276 |
| Woodie | -0.014623 | 0.033850 | 0.083349 | 0.131821 | 0.181320 | 0.229792 | 0.279291 |
| Fibonacci | 0.033679 | 0.071104 | 0.094225 | 0.131650 | 0.169075 | 0.192196 | 0.229621 |
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): | 52.09 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.003044 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.122287 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.119281 | |
| Elder Ray (13): | 0.001076 | |
| Super Trend (3,10): | 0.119528 | |
| Zig ZAG (10): | 0.124082 | |
| VORTEX (21): | 0.9997 | |
| Stochastique (14,3,5): | 52.09 | |
| TEMA (21): | 0.122459 | |
| Williams %R (14): | -38.05 | |
| Chande Momentum Oscillator (20): | 0.002629 | |
| Repulse (5,40,3): | 1.4538 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0503 | |
| Courbe Coppock: | 0.83 |
| MA7: | 0.128332 | |
| MA20: | 0.130944 | |
| MA50: | 0.121695 | |
| MA100: | 0.086709 | |
| MAexp7: | 0.122590 | |
| MAexp20: | 0.122640 | |
| MAexp50: | 0.123535 | |
| MAexp100: | 0.126346 | |
| Price / MA7: | -3.97% | |
| Price / MA20: | -5.88% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +42.13% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -2.46% |
Quotes :
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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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