TRON - TRX/USD - 1H - Technical analysis published on 01/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.106135 USD
My targets
0.108727 USD (+1.09%)
0.116034 USD (+7.88%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON - TRX/USD as long as the price remains well above 0.106135 USD. The buyers' bullish objective is set at 0.108727 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.116034 USD. If there is any crossing, the next objective would be the resistance located at 0.124049 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 overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 price is 0.107554 USD. The price is lower by -0.15% since the last closing with the lowest point at 0.105961 USD and the highest point at 0.108689 USD. The deviation from the price is +1.50% for the low point and -1.04% for the high point.0.105961
0.108689
0.107554
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 (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 strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.105232 | 0.106135 | 0.107249 | 0.107554 | 0.107895 | 0.108727 | 0.109242 |
| Change (%) | -2.16% | -1.32% | -0.28% | - | +0.32% | +1.09% | +1.57% |
| Change | -0.002322 | -0.001419 | -0.000305 | - | +0.000341 | +0.001173 | +0.001688 |
| Level | Intermediate | Minor | Major | - | 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 | 0.101659 | 0.103499 | 0.105607 | 0.107447 | 0.109555 | 0.111395 | 0.113503 |
| Camarilla | 0.106629 | 0.106991 | 0.107353 | 0.107715 | 0.108077 | 0.108439 | 0.108801 |
| Woodie | 0.101793 | 0.103566 | 0.105741 | 0.107514 | 0.109689 | 0.111462 | 0.113637 |
| Fibonacci | 0.103499 | 0.105007 | 0.105939 | 0.107447 | 0.108955 | 0.109887 | 0.111395 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.095829 | 0.098911 | 0.102564 | 0.105646 | 0.109299 | 0.112381 | 0.116034 |
| Camarilla | 0.104366 | 0.104983 | 0.105601 | 0.106218 | 0.106835 | 0.107453 | 0.108070 |
| Woodie | 0.096116 | 0.099054 | 0.102851 | 0.105789 | 0.109586 | 0.112524 | 0.116321 |
| Fibonacci | 0.098911 | 0.101483 | 0.103073 | 0.105646 | 0.108218 | 0.109808 | 0.112381 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.088684 | 0.093119 | 0.100417 | 0.104852 | 0.112150 | 0.116585 | 0.123883 |
| Camarilla | 0.104488 | 0.105564 | 0.106640 | 0.107715 | 0.108791 | 0.109866 | 0.110942 |
| Woodie | 0.090116 | 0.093835 | 0.101849 | 0.105568 | 0.113582 | 0.117301 | 0.125315 |
| Fibonacci | 0.093119 | 0.097601 | 0.100370 | 0.104852 | 0.109334 | 0.112103 | 0.116585 |
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): | 57.84 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.387947 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.107279 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.106237 | |
| Elder Ray (13): | 0.000394 | |
| Super Trend (3,10): | 0.106137 | |
| Zig ZAG (10): | 0.107502 | |
| VORTEX (21): | 0.9780 | |
| Stochastique (14,3,5): | 66.14 | |
| TEMA (21): | 0.107058 | |
| Williams %R (14): | -31.45 | |
| Chande Momentum Oscillator (20): | 0.000236 | |
| Repulse (5,40,3): | -0.1759 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0083 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.105907 | |
| MA20: | 0.104644 | |
| MA50: | 0.104147 | |
| MA100: | 0.098024 | |
| MAexp7: | 0.107231 | |
| MAexp20: | 0.107260 | |
| MAexp50: | 0.107069 | |
| MAexp100: | 0.106643 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | +2.78% | |
| Price / MA50: | +3.27% | |
| Price / MA100: | +9.72% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.85% |
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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