TRON - TRX/USD - 1H - Technical analysis published on 10/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Bearish under 0.095799 USD
My targets
0.093650 USD (-0.73%)
0.092235 USD (-2.23%)
My analysis
The strong short-term decline in TRON - TRX/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.095799 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.093650 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.092235 USD as an objective. Crossing it would then enable sellers to target 0.090787 USD. Be careful, a return to above 0.095799 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.5
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Additional analysis
Quotes
TRON - TRX/USD rating 0.094335 USD. The price registered a decrease of -0.29% on the session with the lowest point at 0.093841 USD and the highest point at 0.095096 USD. The deviation from the price is +0.53% for the low point and -0.80% for the high point.0.093841
0.095096
0.094335
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TRON - TRX/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.092235 | 0.093650 | 0.094229 | 0.094335 | 0.095799 | 0.124049 | 0.164456 |
| Change (%) | -2.23% | -0.73% | -0.11% | - | +1.55% | +31.50% | +74.33% |
| Change | -0.002100 | -0.000685 | -0.000106 | - | +0.001464 | +0.029714 | +0.070121 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092411 | 0.093188 | 0.093899 | 0.094676 | 0.095387 | 0.096164 | 0.096875 |
| Camarilla | 0.094202 | 0.094338 | 0.094475 | 0.094611 | 0.094747 | 0.094884 | 0.095020 |
| Woodie | 0.092379 | 0.093172 | 0.093867 | 0.094660 | 0.095355 | 0.096148 | 0.096843 |
| Fibonacci | 0.093188 | 0.093756 | 0.094107 | 0.094676 | 0.095244 | 0.095595 | 0.096164 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.084351 | 0.086913 | 0.090675 | 0.093237 | 0.096999 | 0.099561 | 0.103323 |
| Camarilla | 0.092698 | 0.093278 | 0.093857 | 0.094437 | 0.095017 | 0.095596 | 0.096176 |
| Woodie | 0.084951 | 0.087213 | 0.091275 | 0.093537 | 0.097599 | 0.099861 | 0.103923 |
| Fibonacci | 0.086913 | 0.089329 | 0.090821 | 0.093237 | 0.095653 | 0.097145 | 0.099561 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.067208 | 0.072036 | 0.080401 | 0.085229 | 0.093594 | 0.098422 | 0.106787 |
| Camarilla | 0.085139 | 0.086348 | 0.087558 | 0.088767 | 0.089976 | 0.091186 | 0.092395 |
| Woodie | 0.068978 | 0.072920 | 0.082171 | 0.086113 | 0.095364 | 0.099306 | 0.108557 |
| Fibonacci | 0.072036 | 0.077075 | 0.080189 | 0.085229 | 0.090268 | 0.093382 | 0.098422 |
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): | 46.82 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 0.124255 | |
| AROON (14): | -35.714285 | |
| DEMA (21): | 0.094464 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.095049 | |
| Elder Ray (13): | -0.000122 | |
| Super Trend (3,10): | 0.093346 | |
| Zig ZAG (10): | 0.093986 | |
| VORTEX (21): | 0.9738 | |
| Stochastique (14,3,5): | 31.93 | |
| TEMA (21): | 0.094281 | |
| Williams %R (14): | -91.00 | |
| Chande Momentum Oscillator (20): | -0.000420 | |
| Repulse (5,40,3): | -0.2808 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0018 | |
| Courbe Coppock: | 1.12 |
| MA7: | 0.093748 | |
| MA20: | 0.090298 | |
| MA50: | 0.087358 | |
| MA100: | 0.082555 | |
| MAexp7: | 0.094371 | |
| MAexp20: | 0.094490 | |
| MAexp50: | 0.094409 | |
| MAexp100: | 0.093983 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +4.47% | |
| Price / MA50: | +7.99% | |
| Price / MA100: | +14.27% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.37% |
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.
About author
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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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