TRON - TRX/USD
TRON - TRX/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: TRXUSD
ISIN:

TRON - TRX/USD - 1H - Technical analysis published on 03/02/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.141997 USD
My targets
0.139801 USD (-0.68%)
0.138016 USD (-1.95%)
My analysis
There is a bearish trend on TRON - TRX/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.141997 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.139801 USD. Then the price could move towards 0.138016 USD. Then 0.136853 USD by extension. Be careful, a return to above the resistance 0.141997 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The TRON - TRX/USD rating is 0.140760 USD. On the day, this instrument lost -0.54% with the lowest point at 0.139702 USD and the highest point at 0.142418 USD. The deviation from the price is +0.76% for the low point and -1.16% for the high point.

0.139702
0.142418
0.140760

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

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:

Central Patterns

Near horizontal support

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


S3S2S1PriceR1R2R3
ProTrendLines 0.136853 0.138016 0.139801 0.140760 0.141997 0.143013 0.144384
Change (%) -2.78% -1.95% -0.68% - +0.88% +1.60% +2.57%
Change -0.003907 -0.002744 -0.000959 - +0.001237 +0.002253 +0.003624
Level Intermediate Minor Intermediate - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1377460.1387930.1401550.1412020.1425640.1436110.144973
Camarilla0.1408550.1410750.1412960.1415170.1417380.1419590.142180
Woodie0.1379040.1388720.1403130.1412810.1427220.1436900.145131
Fibonacci0.1387930.1397130.1402820.1412020.1421220.1426910.143611


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1278710.1310970.1344000.1376260.1409290.1441550.147458
Camarilla0.1359070.1365050.1371040.1377020.1383010.1388990.139498
Woodie0.1279090.1311160.1344380.1376450.1409670.1441740.147496
Fibonacci0.1310970.1335910.1351320.1376260.1401200.1416610.144155


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0857170.0985550.1196430.1324810.1535690.1664070.187495
Camarilla0.1314000.1345100.1376200.1407300.1438400.1469500.150060
Woodie0.0898410.1006180.1237670.1345440.1576930.1684700.191619
Fibonacci0.0985550.1115150.1195220.1324810.1454410.1534480.166407

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 51.82
MACD (12,26,9): -0.0001
Directional Movement: -3.085039
AROON (14): -64.285715
DEMA (21): 0.140742
Parabolic SAR (0,02-0,02-0,2): 0.141821
Elder Ray (13): 0.000064
Super Trend (3,10): 0.139795
Zig ZAG (10): 0.141197
VORTEX (21): 1.0177
Stochastique (14,3,5): 48.56
TEMA (21): 0.140796
Williams %R (14): -65.24
Chande Momentum Oscillator (20): -0.000172
Repulse (5,40,3): 0.6159
ROCnROLL: -1
TRIX (15,9): -0.0162
Courbe Coppock: 0.84
MA7: 0.140785
MA20: 0.136665
MA50: 0.123239
MA100: 0.114026
MAexp7: 0.140705
MAexp20: 0.140905
MAexp50: 0.141215
MAexp100: 0.141208
Price / MA7: -0.02%
Price / MA20: +3.00%
Price / MA50: +14.22%
Price / MA100: +23.45%
Price / MAexp7: +0.04%
Price / MAexp20: -0.10%
Price / MAexp50: -0.32%
Price / MAexp100: -0.32%

Quotes : - Real time data - 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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