TRON - TRX/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	TRXUSD
ISIN:

TRON - TRX/USD - Daily - Technical analysis published on 09/23/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 0.085295 USD

My targets

0.101627 USD (+2.77%)

0.120854 USD (+22.21%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.085295 USD remains possible. It is advisable to trade TRON - TRX/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.085295 USD. The next bullish objective for buyers is set at 0.101627 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.120854 USD. If there is any crossing, the next objective would be the resistance located at 0.136532 USD. PS: if there is a bearish break in the support located at 0.085295 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish 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

1.8

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 alphakarl. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TRON - TRX/USD rating 0.098891 USD. The price registered a decrease of -0.03% on the session and was between 0.096525 USD and 0.101010 USD. This implies that the price is at +2.45% from its lowest and at -2.10% from its highest.

0.096525

0.101010

0.098891

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 this Daily chart of TRON - TRX/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being 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 : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.062948	0.073846	0.085295	0.098891	0.101627	0.120854	0.136532
Change (%)	-36.35%	-25.33%	-13.75%	-	+2.77%	+22.21%	+38.06%
Change	-0.035943	-0.025045	-0.013596	-	+0.002736	+0.021963	+0.037641
Level	Minor	Minor	Major	-	Intermediate	Major	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	0.078275	0.082435	0.090679	0.094839	0.103083	0.107243	0.115487
Camarilla	0.095511	0.096648	0.097785	0.098922	0.100059	0.101196	0.102333
Woodie	0.080316	0.083456	0.092720	0.095860	0.105124	0.108264	0.117528
Fibonacci	0.082435	0.087174	0.090101	0.094839	0.099578	0.102505	0.107243

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.063032	0.078391	0.092122	0.107481	0.121212	0.136571	0.150302
Camarilla	0.097854	0.100521	0.103187	0.105854	0.108521	0.111187	0.113854
Woodie	0.062219	0.077984	0.091309	0.107074	0.120399	0.136164	0.149489
Fibonacci	0.078391	0.089503	0.096368	0.107481	0.118593	0.125458	0.136571

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.041708	0.054154	0.071635	0.084081	0.101562	0.114008	0.131489
Camarilla	0.080886	0.083629	0.086373	0.089116	0.091859	0.094603	0.097346
Woodie	0.044226	0.055413	0.074153	0.085340	0.104080	0.115267	0.134007
Fibonacci	0.054154	0.065586	0.072649	0.084081	0.095513	0.102576	0.114008

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):	50.34
MACD (12,26,9):	0.0020
Directional Movement:	-3.024557
AROON (14):	35.714286
DEMA (21):	0.103426
Parabolic SAR (0,02-0,02-0,2):	0.119382
Elder Ray (13):	-0.001827
Super Trend (3,10):	0.085928
Zig ZAG (10):	0.098218
VORTEX (21):	1.0074
Stochastique (14,3,5):	26.76
TEMA (21):	0.100773
Williams %R (14):	-65.53
Chande Momentum Oscillator (20):	0.003759
Repulse (5,40,3):	0.8060
ROCnROLL:	-1
TRIX (15,9):	0.6512
Courbe Coppock:	7.06

MA7:	0.098767
MA20:	0.101558
MA50:	0.092167
MA100:	0.076999
MAexp7:	0.099191
MAexp20:	0.099632
MAexp50:	0.092283
MAexp100:	0.085825
Price / MA7:	+0.13%
Price / MA20:	-2.63%
Price / MA50:	+7.30%
Price / MA100:	+28.43%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.74%
Price / MAexp50:	+7.16%
Price / MAexp100:	+15.22%

Quotes : - Real time data - Cryptocompare

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

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