TRON - TRX/USD - 1H - Technical analysis published on 06/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.070584 USD
My targets
0.073115 USD (+1.68%)
0.076028 USD (+5.73%)
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 0.070584 USD. The next resistance located at 0.073115 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 0.076028 USD. After this resistance, buyers could then target 0.077218 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
6.8
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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 0.071905 USD. On the day, this instrument gained +4.18% with the lowest point at 0.068487 USD and the highest point at 0.072062 USD. The deviation from the price is +4.99% for the low point and -0.22% for the high point.0.068487
0.072062
0.071905
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of TRON - TRX/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.067707 | 0.069248 | 0.070584 | 0.071905 | 0.073115 | 0.076028 | 0.077218 |
| Change (%) | -5.84% | -3.70% | -1.84% | - | +1.68% | +5.73% | +7.39% |
| Change | -0.004198 | -0.002657 | -0.001321 | - | +0.001210 | +0.004123 | +0.005313 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 0.062324 | 0.065300 | 0.067159 | 0.070135 | 0.071994 | 0.074970 | 0.076829 |
| Camarilla | 0.067688 | 0.068132 | 0.068575 | 0.069018 | 0.069461 | 0.069904 | 0.070348 |
| Woodie | 0.061766 | 0.065021 | 0.066601 | 0.069856 | 0.071436 | 0.074691 | 0.076271 |
| Fibonacci | 0.065300 | 0.067147 | 0.068288 | 0.070135 | 0.071982 | 0.073123 | 0.074970 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.052175 | 0.059711 | 0.063930 | 0.071466 | 0.075685 | 0.083221 | 0.087440 |
| Camarilla | 0.064917 | 0.065995 | 0.067073 | 0.068150 | 0.069228 | 0.070305 | 0.071383 |
| Woodie | 0.050518 | 0.058882 | 0.062273 | 0.070637 | 0.074028 | 0.082392 | 0.085783 |
| Fibonacci | 0.059711 | 0.064201 | 0.066975 | 0.071466 | 0.075956 | 0.078730 | 0.083221 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.083166 | -0.013857 | 0.031494 | 0.100803 | 0.146154 | 0.215463 | 0.260814 |
| Camarilla | 0.045315 | 0.055825 | 0.066336 | 0.076846 | 0.087357 | 0.097867 | 0.108378 |
| Woodie | -0.095144 | -0.019847 | 0.019516 | 0.094814 | 0.134176 | 0.209474 | 0.248836 |
| Fibonacci | -0.013857 | 0.029943 | 0.057003 | 0.100803 | 0.144603 | 0.171663 | 0.215463 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.45 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 10.840060 | |
| AROON (14): | 78.571428 | |
| DEMA (21): | 0.070809 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.069840 | |
| Elder Ray (13): | 0.000800 | |
| Super Trend (3,10): | 0.072021 | |
| Zig ZAG (10): | 0.071572 | |
| VORTEX (21): | 1.0806 | |
| Stochastique (14,3,5): | 86.28 | |
| TEMA (21): | 0.071199 | |
| Williams %R (14): | -15.74 | |
| Chande Momentum Oscillator (20): | 0.002458 | |
| Repulse (5,40,3): | -0.2878 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0269 | |
| Courbe Coppock: | 4.87 |
| MA7: | 0.070457 | |
| MA20: | 0.073509 | |
| MA50: | 0.096845 | |
| MA100: | 0.096203 | |
| MAexp7: | 0.071064 | |
| MAexp20: | 0.070740 | |
| MAexp50: | 0.070815 | |
| MAexp100: | 0.070893 | |
| Price / MA7: | +2.06% | |
| Price / MA20: | -2.18% | |
| Price / MA50: | -25.75% | |
| Price / MA100: | -25.26% | |
| Price / MAexp7: | +1.18% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | +1.43% |
Quotes :
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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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