TRON - TRX/USD - 1H - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.063100 USD
My targets
0.061481 USD (-1.34%)
0.060621 USD (-2.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRON - TRX/USD as long as the price remains well below 0.063100 USD. The next bearish objective for sellers is set at 0.061481 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.060621 USD. If there is any crossing, the next objective would be the support located at 0.059733 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
The TRON - TRX/USD rating is 0.062319 USD. The price is lower by -0.03% since the last closing with the lowest point at 0.061756 USD and the highest point at 0.063259 USD. The deviation from the price is +0.91% for the low point and -1.49% for the high point.0.061756
0.063259
0.062319
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TRON - TRX/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.059733 | 0.060621 | 0.061481 | 0.062319 | 0.062579 | 0.063100 | 0.064236 |
| Change (%) | -4.15% | -2.72% | -1.34% | - | +0.42% | +1.25% | +3.08% |
| Change | -0.002586 | -0.001698 | -0.000838 | - | +0.000260 | +0.000781 | +0.001917 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 0.058482 | 0.059981 | 0.061159 | 0.062658 | 0.063836 | 0.065335 | 0.066513 |
| Camarilla | 0.061601 | 0.061846 | 0.062092 | 0.062337 | 0.062582 | 0.062828 | 0.063073 |
| Woodie | 0.058322 | 0.059901 | 0.060999 | 0.062578 | 0.063676 | 0.065255 | 0.066353 |
| Fibonacci | 0.059981 | 0.061004 | 0.061635 | 0.062658 | 0.063681 | 0.064312 | 0.065335 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.054512 | 0.056803 | 0.059954 | 0.062245 | 0.065396 | 0.067687 | 0.070838 |
| Camarilla | 0.061610 | 0.062108 | 0.062607 | 0.063106 | 0.063605 | 0.064104 | 0.064603 |
| Woodie | 0.054943 | 0.057018 | 0.060385 | 0.062460 | 0.065827 | 0.067902 | 0.071269 |
| Fibonacci | 0.056803 | 0.058882 | 0.060166 | 0.062245 | 0.064324 | 0.065608 | 0.067687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045815 | 0.048806 | 0.051679 | 0.054670 | 0.057543 | 0.060534 | 0.063407 |
| Camarilla | 0.052939 | 0.053477 | 0.054015 | 0.054552 | 0.055090 | 0.055627 | 0.056165 |
| Woodie | 0.045756 | 0.048777 | 0.051620 | 0.054641 | 0.057484 | 0.060505 | 0.063348 |
| Fibonacci | 0.048806 | 0.051046 | 0.052430 | 0.054670 | 0.056910 | 0.058294 | 0.060534 |
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): | 47.31 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 0.182206 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.062288 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.063061 | |
| Elder Ray (13): | -0.000065 | |
| Super Trend (3,10): | 0.063693 | |
| Zig ZAG (10): | 0.062286 | |
| VORTEX (21): | 1.0618 | |
| Stochastique (14,3,5): | 41.45 | |
| TEMA (21): | 0.062340 | |
| Williams %R (14): | -49.23 | |
| Chande Momentum Oscillator (20): | -0.000672 | |
| Repulse (5,40,3): | -0.4883 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0258 | |
| Courbe Coppock: | 0.70 |
| MA7: | 0.062706 | |
| MA20: | 0.061651 | |
| MA50: | 0.057330 | |
| MA100: | 0.056677 | |
| MAexp7: | 0.062403 | |
| MAexp20: | 0.062424 | |
| MAexp50: | 0.062617 | |
| MAexp100: | 0.062670 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | +1.08% | |
| Price / MA50: | +8.70% | |
| Price / MA100: | +9.95% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | -0.56% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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