TRON - TRX/USD
TRON - TRX/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: TRXUSD
ISIN:

TRON - TRX/USD - 15 min. - Technical analysis published on 10/17/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.097441 USD
My targets
0.100410 USD (+1.10%)
0.102219 USD (+2.92%)
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 0.097441 USD. The next resistance located at 0.100410 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 0.102219 USD. After this resistance, buyers could then target 0.103379 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4

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:
1H Daily Weekly

Additional analysis

Quotes

TRON - TRX/USD rating 0.099322 USD. The price registered an increase of +0.73% on the session and was traded between 0.097483 USD and 0.099738 USD over the period. The price is currently at +1.89% from its lowest and -0.42% from its highest.

0.097483
0.099738
0.099322

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


Bearish opening

Type : Bearish

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 this 15 min. chart of TRON - TRX/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black evening star

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.093174 0.094930 0.097012 0.099322 0.099587 0.102181 0.105634
Change (%) -6.19% -4.42% -2.33% - +0.27% +2.88% +6.36%
Change -0.006148 -0.004392 -0.002310 - +0.000265 +0.002859 +0.006312
Level Minor Intermediate Intermediate - Intermediate Major 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
Standard0.0944720.0962810.0974410.0992500.1004100.1022190.103379
Camarilla0.0977840.0980560.0983280.0986000.0988720.0991440.099417
Woodie0.0941470.0961190.0971160.0990880.1000850.1020570.103054
Fibonacci0.0962810.0974160.0981160.0992500.1003850.1010850.102219


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0806330.0859530.0922760.0975960.1039190.1092390.115562
Camarilla0.0953980.0964660.0975330.0986000.0996670.1007350.101802
Woodie0.0811360.0862040.0927790.0978470.1044220.1094900.116065
Fibonacci0.0859530.0904000.0931480.0975960.1020430.1047910.109239


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0327700.0574760.0734270.0981330.1140840.1387900.154741
Camarilla0.0781970.0819240.0856510.0893780.0931050.0968320.100559
Woodie0.0283930.0552870.0690500.0959440.1097070.1366010.150364
Fibonacci0.0574760.0730070.0826020.0981330.1136640.1232590.138790

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): 55.23
MACD (12,26,9): 0.0001
Directional Movement: -2.499189
AROON (14): 64.285712
DEMA (21): 0.099408
Parabolic SAR (0,02-0,02-0,2): 0.099738
Elder Ray (13): -0.000035
Super Trend (3,10): 0.100141
Zig ZAG (10): 0.099458
VORTEX (21): 1.0127
Stochastique (14,3,5): 81.97
TEMA (21): 0.099555
Williams %R (14): -25.22
Chande Momentum Oscillator (20): 0.000715
Repulse (5,40,3): 0.8087
ROCnROLL: 1
TRIX (15,9): 0.0211
Courbe Coppock: 0.71
MA7: 0.097833
MA20: 0.095219
MA50: 0.097054
MA100: 0.084102
MAexp7: 0.099402
MAexp20: 0.099198
MAexp50: 0.099055
MAexp100: 0.099045
Price / MA7: +1.52%
Price / MA20: +4.31%
Price / MA50: +2.34%
Price / MA100: +18.10%
Price / MAexp7: -0.08%
Price / MAexp20: +0.13%
Price / MAexp50: +0.27%
Price / MAexp100: +0.28%

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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