TRON - TRX/USD - 1H - Technical analysis published on 12/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.104902 USD
My targets
0.106945 USD (+1.32%)
0.107900 USD (+2.23%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TRON - TRX/USD. As long as you are above the support located at 0.104902 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.106945 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.107900 USD as an objective. Crossing it would then enable buyers to target 0.108576 USD. If the support 0.104902 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
5.5
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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 0.105547 USD. On the day, this instrument lost -0.26% and was traded between 0.105534 USD and 0.106755 USD over the period. The price is currently at +0.01% from its lowest and -1.13% from its highest.0.105534
0.106755
0.105547
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.102977 | 0.103943 | 0.104902 | 0.105547 | 0.106036 | 0.106945 | 0.107900 |
| Change (%) | -2.43% | -1.52% | -0.61% | - | +0.46% | +1.32% | +2.23% |
| Change | -0.002570 | -0.001604 | -0.000645 | - | +0.000489 | +0.001398 | +0.002353 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.100188 | 0.101583 | 0.103701 | 0.105096 | 0.107214 | 0.108609 | 0.110727 |
| Camarilla | 0.104854 | 0.105176 | 0.105498 | 0.105820 | 0.106142 | 0.106464 | 0.106786 |
| Woodie | 0.100551 | 0.101764 | 0.104064 | 0.105277 | 0.107577 | 0.108790 | 0.111090 |
| Fibonacci | 0.101583 | 0.102925 | 0.103754 | 0.105096 | 0.106438 | 0.107267 | 0.108609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092291 | 0.096156 | 0.101404 | 0.105269 | 0.110517 | 0.114382 | 0.119630 |
| Camarilla | 0.104145 | 0.104980 | 0.105816 | 0.106651 | 0.107486 | 0.108322 | 0.109157 |
| Woodie | 0.092982 | 0.096502 | 0.102095 | 0.105615 | 0.111208 | 0.114728 | 0.120321 |
| Fibonacci | 0.096156 | 0.099638 | 0.101788 | 0.105269 | 0.108751 | 0.110901 | 0.114382 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078024 | 0.086801 | 0.095254 | 0.104031 | 0.112484 | 0.121261 | 0.129714 |
| Camarilla | 0.098970 | 0.100549 | 0.102129 | 0.103708 | 0.105287 | 0.106867 | 0.108446 |
| Woodie | 0.077863 | 0.086720 | 0.095093 | 0.103950 | 0.112323 | 0.121180 | 0.129553 |
| Fibonacci | 0.086801 | 0.093383 | 0.097449 | 0.104031 | 0.110613 | 0.114679 | 0.121261 |
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): | 60.91 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 7.116756 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.106225 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.104759 | |
| Elder Ray (13): | 0.000258 | |
| Super Trend (3,10): | 0.103544 | |
| Zig ZAG (10): | 0.106311 | |
| VORTEX (21): | 1.1017 | |
| Stochastique (14,3,5): | 83.09 | |
| TEMA (21): | 0.106297 | |
| Williams %R (14): | -10.19 | |
| Chande Momentum Oscillator (20): | 0.000667 | |
| Repulse (5,40,3): | 0.4754 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0665 | |
| Courbe Coppock: | 1.22 |
| MA7: | 0.105492 | |
| MA20: | 0.104551 | |
| MA50: | 0.102242 | |
| MA100: | 0.094191 | |
| MAexp7: | 0.105982 | |
| MAexp20: | 0.105623 | |
| MAexp50: | 0.104979 | |
| MAexp100: | 0.104830 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | +12.06% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +0.68% |
Quotes :
-
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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