TRON - TRX/USD - 1H - Technical analysis published on 11/07/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.098699 USD
My targets
0.096614 USD (-0.74%)
0.095515 USD (-1.86%)
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 0.098699 USD. The next bearish objective for sellers is set at 0.096614 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.095515 USD. If there is any crossing, the next objective would be the support located at 0.093763 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USD rating is 0.097330 USD. The price is lower by -0.05% since the last closing and was between 0.096994 USD and 0.098085 USD. This implies that the price is at +0.35% from its lowest and at -0.77% from its highest.0.096994
0.098085
0.097330
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
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. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.093763 | 0.095515 | 0.096614 | 0.097330 | 0.097683 | 0.098699 | 0.099336 |
| Change (%) | -3.66% | -1.86% | -0.74% | - | +0.36% | +1.41% | +2.06% |
| Change | -0.003567 | -0.001815 | -0.000716 | - | +0.000353 | +0.001369 | +0.002006 |
| Level | Minor | Minor | Major | - | Minor | Minor | 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 | 0.093126 | 0.094760 | 0.096070 | 0.097704 | 0.099014 | 0.100648 | 0.101958 |
| Camarilla | 0.096570 | 0.096840 | 0.097110 | 0.097380 | 0.097650 | 0.097920 | 0.098190 |
| Woodie | 0.092964 | 0.094679 | 0.095908 | 0.097623 | 0.098852 | 0.100567 | 0.101796 |
| Fibonacci | 0.094760 | 0.095885 | 0.096579 | 0.097704 | 0.098829 | 0.099523 | 0.100648 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086156 | 0.089949 | 0.093750 | 0.097543 | 0.101344 | 0.105137 | 0.108938 |
| Camarilla | 0.095462 | 0.096158 | 0.096854 | 0.097550 | 0.098246 | 0.098942 | 0.099638 |
| Woodie | 0.086159 | 0.089951 | 0.093753 | 0.097545 | 0.101347 | 0.105139 | 0.108941 |
| Fibonacci | 0.089949 | 0.092850 | 0.094642 | 0.097543 | 0.100444 | 0.102236 | 0.105137 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.075995 | 0.080270 | 0.088818 | 0.093093 | 0.101641 | 0.105916 | 0.114464 |
| Camarilla | 0.093841 | 0.095016 | 0.096192 | 0.097367 | 0.098542 | 0.099718 | 0.100893 |
| Woodie | 0.078133 | 0.081338 | 0.090956 | 0.094161 | 0.103779 | 0.106984 | 0.116602 |
| Fibonacci | 0.080270 | 0.085168 | 0.088194 | 0.093093 | 0.097991 | 0.101017 | 0.105916 |
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): | 46.87 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 1.132738 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.097553 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.098657 | |
| Elder Ray (13): | -0.000310 | |
| Super Trend (3,10): | 0.099270 | |
| Zig ZAG (10): | 0.097188 | |
| VORTEX (21): | 1.0435 | |
| Stochastique (14,3,5): | 25.87 | |
| TEMA (21): | 0.097580 | |
| Williams %R (14): | -75.42 | |
| Chande Momentum Oscillator (20): | -0.000709 | |
| Repulse (5,40,3): | 0.3046 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.67 |
| MA7: | 0.098153 | |
| MA20: | 0.094844 | |
| MA50: | 0.089897 | |
| MA100: | 0.083803 | |
| MAexp7: | 0.097625 | |
| MAexp20: | 0.097688 | |
| MAexp50: | 0.097831 | |
| MAexp100: | 0.097830 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | +2.62% | |
| Price / MA50: | +8.27% | |
| Price / MA100: | +16.14% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -0.51% |
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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