TRON - TRX/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	TRXUSD
ISIN:

TRON - TRX/USD - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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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

39%

11%

50%

My opinion

Bullish above 0.124049 USD

My targets

0.127499 USD (+1.23%)

0.135940 USD (+7.93%)

My analysis

The basic bullish trend is very strong on TRON - TRX/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.124049 USD. Crossing the first resistance at 0.127499 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.135940 USD as an objective. Crossing it would then enable buyers to target 0.143274 USD. Caution, a return to below 0.124049 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

5.2

Comment on the analysis

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:

Additional analysis

Quotes

The TRON - TRX/USD price is 0.125956 USD. The price registered a decrease of -0.16% on the session and was traded between 0.123843 USD and 0.127395 USD over the period. The price is currently at +1.71% from its lowest and -1.13% from its highest.

0.123843

0.127395

0.125956

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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 strongly bullish trend. 82.14% 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 bullish signals on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.122048	0.124049	0.125783	0.125956	0.126571	0.127499	0.143274
Change (%)	-3.10%	-1.51%	-0.14%	-	+0.49%	+1.23%	+13.75%
Change	-0.003908	-0.001907	-0.000173	-	+0.000615	+0.001543	+0.017318
Level	Intermediate	Intermediate	Minor	-	Intermediate	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	0.118600	0.120647	0.123405	0.125452	0.128210	0.130257	0.133015
Camarilla	0.124842	0.125282	0.125723	0.126163	0.126604	0.127044	0.127484
Woodie	0.118956	0.120825	0.123761	0.125630	0.128566	0.130435	0.133371
Fibonacci	0.120647	0.122483	0.123617	0.125452	0.127288	0.128422	0.130257

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.108418	0.112514	0.117592	0.121688	0.126766	0.130862	0.135940
Camarilla	0.120148	0.120989	0.121830	0.122671	0.123512	0.124353	0.125194
Woodie	0.108910	0.112760	0.118084	0.121934	0.127258	0.131108	0.136432
Fibonacci	0.112514	0.116018	0.118183	0.121688	0.125192	0.127357	0.130862

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.087828	0.096374	0.108206	0.116752	0.128584	0.137130	0.148962
Camarilla	0.114434	0.116302	0.118170	0.120038	0.121906	0.123774	0.125642
Woodie	0.089471	0.097196	0.109849	0.117574	0.130227	0.137952	0.150605
Fibonacci	0.096374	0.104158	0.108968	0.116752	0.124536	0.129346	0.137130

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):	49.45
MACD (12,26,9):	0.0000
Directional Movement:	-0.090005
AROON (14):	-50.000000
DEMA (21):	0.125973
Parabolic SAR (0,02-0,02-0,2):	0.123843
Elder Ray (13):	-0.000079
Super Trend (3,10):	0.123061
Zig ZAG (10):	0.125743
VORTEX (21):	0.9611
Stochastique (14,3,5):	54.03
TEMA (21):	0.125513
Williams %R (14):	-40.74
Chande Momentum Oscillator (20):	-0.001144
Repulse (5,40,3):	0.0523
ROCnROLL:	-1
TRIX (15,9):	0.0234
Courbe Coppock:	1.53

MA7:	0.122631
MA20:	0.119709
MA50:	0.118292
MA100:	0.124557
MAexp7:	0.125615
MAexp20:	0.125750
MAexp50:	0.125007
MAexp100:	0.123789
Price / MA7:	+2.71%
Price / MA20:	+5.22%
Price / MA50:	+6.48%
Price / MA100:	+1.12%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.76%
Price / MAexp100:	+1.75%

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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Londinia AI

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