TRON - TRX/USD - 1H - Technical analysis published on 12/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.249681 USD
My targets
0.263658 USD (+3.17%)
0.276689 USD (+8.27%)
My analysis
The bullish trend is currently very strong on TRON - TRX/USD. As long as the price remains above the support at 0.249681 USD, you could try to benefit from the boom. The first bullish objective is located at 0.263658 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.276689 USD as an objective. Crossing it would then enable buyers to target 0.289327 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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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 0.255559 USD. The price is lower by -0.33% since the last closing with the lowest point at 0.254672 USD and the highest point at 0.257654 USD. The deviation from the price is +0.35% for the low point and -0.81% for the high point.0.254672
0.257654
0.255559
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.223621 | 0.240954 | 0.249681 | 0.255559 | 0.263658 | 0.276689 | 0.289327 |
| Change (%) | -12.50% | -5.71% | -2.30% | - | +3.17% | +8.27% | +13.21% |
| Change | -0.031938 | -0.014605 | -0.005878 | - | +0.008099 | +0.021130 | +0.033768 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.240181 | 0.244867 | 0.250630 | 0.255316 | 0.261079 | 0.265765 | 0.271528 |
| Camarilla | 0.253519 | 0.254476 | 0.255434 | 0.256392 | 0.257350 | 0.258308 | 0.259266 |
| Woodie | 0.240719 | 0.245136 | 0.251168 | 0.255585 | 0.261617 | 0.266034 | 0.272066 |
| Fibonacci | 0.244867 | 0.248859 | 0.251325 | 0.255316 | 0.259308 | 0.261774 | 0.265765 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128573 | 0.176097 | 0.210550 | 0.258074 | 0.292527 | 0.340051 | 0.374504 |
| Camarilla | 0.222459 | 0.229974 | 0.237488 | 0.245003 | 0.252518 | 0.260032 | 0.267547 |
| Woodie | 0.122038 | 0.172829 | 0.204015 | 0.254806 | 0.285992 | 0.336783 | 0.367969 |
| Fibonacci | 0.176097 | 0.207412 | 0.226759 | 0.258074 | 0.289389 | 0.308736 | 0.340051 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.102022 | 0.130666 | 0.167742 | 0.196386 | 0.233462 | 0.262106 | 0.299182 |
| Camarilla | 0.186744 | 0.192768 | 0.198793 | 0.204817 | 0.210841 | 0.216866 | 0.222890 |
| Woodie | 0.106237 | 0.132774 | 0.171957 | 0.198494 | 0.237677 | 0.264214 | 0.303397 |
| Fibonacci | 0.130666 | 0.155771 | 0.171281 | 0.196386 | 0.221491 | 0.237001 | 0.262106 |
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): | 57.59 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 6.053567 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.257202 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.259902 | |
| Elder Ray (13): | 0.000698 | |
| Super Trend (3,10): | 0.249380 | |
| Zig ZAG (10): | 0.256671 | |
| VORTEX (21): | 1.0745 | |
| Stochastique (14,3,5): | 59.93 | |
| TEMA (21): | 0.257066 | |
| Williams %R (14): | -47.75 | |
| Chande Momentum Oscillator (20): | -0.000826 | |
| Repulse (5,40,3): | -0.5404 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0913 | |
| Courbe Coppock: | 2.48 |
| MA7: | 0.250692 | |
| MA20: | 0.276105 | |
| MA50: | 0.235446 | |
| MA100: | 0.196914 | |
| MAexp7: | 0.256249 | |
| MAexp20: | 0.255237 | |
| MAexp50: | 0.252741 | |
| MAexp100: | 0.252599 | |
| Price / MA7: | +1.94% | |
| Price / MA20: | -7.44% | |
| Price / MA50: | +8.54% | |
| Price / MA100: | +29.78% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +1.17% |
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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