TRON - TRX/USD - 1H - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
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
0
10
5.2
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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 0.125956 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:
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
S3
S2
S1
R1
R2
R3
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 :
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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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