TRON - TRX/USD - 1H - Technical analysis published on 07/29/2021 (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:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.060705 USD
My targets
0.061882 USD (+1.22%)
0.063702 USD (+4.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON - TRX/USD as long as the price remains well above 0.060705 USD. The buyers' bullish objective is set at 0.061882 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.063702 USD. If there is any crossing, the next objective would be the resistance located at 0.082632 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 0.061134 USD. The price registered an increase of +0.50% on the session and was traded between 0.059639 USD and 0.061645 USD over the period. The price is currently at +2.51% from its lowest and -0.83% from its highest.0.059639
0.061645
0.061134
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of TRON - TRX/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.055696 | 0.058028 | 0.060705 | 0.061134 | 0.061882 | 0.063702 | 0.082632 |
| Change (%) | -8.90% | -5.08% | -0.70% | - | +1.22% | +4.20% | +35.17% |
| Change | -0.005438 | -0.003106 | -0.000429 | - | +0.000748 | +0.002568 | +0.021498 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | 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 | 0.057211 | 0.058383 | 0.059607 | 0.060779 | 0.062003 | 0.063175 | 0.064399 |
| Camarilla | 0.060172 | 0.060392 | 0.060611 | 0.060831 | 0.061051 | 0.061270 | 0.061490 |
| Woodie | 0.057237 | 0.058396 | 0.059633 | 0.060792 | 0.062029 | 0.063188 | 0.064425 |
| Fibonacci | 0.058383 | 0.059298 | 0.059864 | 0.060779 | 0.061694 | 0.062260 | 0.063175 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042341 | 0.045642 | 0.051448 | 0.054749 | 0.060555 | 0.063856 | 0.069662 |
| Camarilla | 0.054751 | 0.055585 | 0.056420 | 0.057255 | 0.058090 | 0.058925 | 0.059759 |
| Woodie | 0.043595 | 0.046268 | 0.052702 | 0.055375 | 0.061809 | 0.064482 | 0.070916 |
| Fibonacci | 0.045642 | 0.049121 | 0.051270 | 0.054749 | 0.058228 | 0.060377 | 0.063856 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019744 | 0.033015 | 0.050675 | 0.063946 | 0.081606 | 0.094877 | 0.112537 |
| Camarilla | 0.059828 | 0.062663 | 0.065499 | 0.068334 | 0.071169 | 0.074005 | 0.076840 |
| Woodie | 0.021938 | 0.034112 | 0.052869 | 0.065043 | 0.083800 | 0.095974 | 0.114731 |
| Fibonacci | 0.033015 | 0.044831 | 0.052131 | 0.063946 | 0.075762 | 0.083062 | 0.094877 |
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): | 50.72 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -2.749115 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.060711 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.059661 | |
| Elder Ray (13): | 0.000193 | |
| Super Trend (3,10): | 0.061662 | |
| Zig ZAG (10): | 0.060720 | |
| VORTEX (21): | 1.0121 | |
| Stochastique (14,3,5): | 63.25 | |
| TEMA (21): | 0.060663 | |
| Williams %R (14): | -30.37 | |
| Chande Momentum Oscillator (20): | 0.000320 | |
| Repulse (5,40,3): | -0.1419 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0194 | |
| Courbe Coppock: | 0.35 |
| MA7: | 0.058786 | |
| MA20: | 0.057641 | |
| MA50: | 0.062582 | |
| MA100: | 0.083178 | |
| MAexp7: | 0.060666 | |
| MAexp20: | 0.060606 | |
| MAexp50: | 0.060310 | |
| MAexp100: | 0.059535 | |
| Price / MA7: | +3.99% | |
| Price / MA20: | +6.06% | |
| Price / MA50: | -2.31% | |
| Price / MA100: | -26.50% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +1.37% | |
| Price / MAexp100: | +2.69% |
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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