TRON - TRX/USD - 1H - Technical analysis published on 01/18/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.249982 USD
My targets
0.263001 USD (+2.60%)
0.270008 USD (+5.33%)
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 0.249982 USD. The buyers' bullish objective is set at 0.263001 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.270008 USD. If there is any crossing, the next objective would be the resistance located at 0.296663 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Sarwar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USD price is 0.256333 USD. The price has increased by +3.06% since the last closing and was traded between 0.247108 USD and 0.267237 USD over the period. The price is currently at +3.73% from its lowest and -4.08% from its highest.0.247108
0.267237
0.256333
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of TRON - TRX/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel 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 | 0.238764 | 0.243935 | 0.249982 | 0.256333 | 0.270008 | 0.296663 | 0.435023 |
| Change (%) | -6.85% | -4.84% | -2.48% | - | +5.33% | +15.73% | +69.71% |
| Change | -0.017569 | -0.012398 | -0.006351 | - | +0.013675 | +0.040330 | +0.178690 |
| Level | Minor | Major | Intermediate | - | 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 | 0.226952 | 0.231983 | 0.240351 | 0.245382 | 0.253750 | 0.258781 | 0.267149 |
| Camarilla | 0.245035 | 0.246264 | 0.247492 | 0.248720 | 0.249948 | 0.251177 | 0.252405 |
| Woodie | 0.228622 | 0.232817 | 0.242021 | 0.246216 | 0.255420 | 0.259615 | 0.268819 |
| Fibonacci | 0.231983 | 0.237101 | 0.240263 | 0.245382 | 0.250500 | 0.253662 | 0.258781 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.190719 | 0.213512 | 0.226860 | 0.249653 | 0.263001 | 0.285794 | 0.299142 |
| Camarilla | 0.230269 | 0.233582 | 0.236895 | 0.240208 | 0.243521 | 0.246834 | 0.250147 |
| Woodie | 0.185997 | 0.211151 | 0.222138 | 0.247292 | 0.258279 | 0.283433 | 0.294420 |
| Fibonacci | 0.213512 | 0.227318 | 0.235847 | 0.249653 | 0.263459 | 0.271988 | 0.285794 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.092442 | 0.054810 | 0.154686 | 0.301938 | 0.401814 | 0.549066 | 0.648942 |
| Camarilla | 0.186601 | 0.209254 | 0.231908 | 0.254561 | 0.277214 | 0.299868 | 0.322521 |
| Woodie | -0.116131 | 0.042966 | 0.130997 | 0.290094 | 0.378125 | 0.537222 | 0.625253 |
| Fibonacci | 0.054810 | 0.149213 | 0.207535 | 0.301938 | 0.396341 | 0.454663 | 0.549066 |
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): | 58.15 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 7.251386 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.249626 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.247108 | |
| Elder Ray (13): | 0.000002 | |
| Super Trend (3,10): | 0.240344 | |
| Zig ZAG (10): | 0.247909 | |
| VORTEX (21): | 1.0915 | |
| Stochastique (14,3,5): | 72.71 | |
| TEMA (21): | 0.249302 | |
| Williams %R (14): | -39.18 | |
| Chande Momentum Oscillator (20): | 0.001611 | |
| Repulse (5,40,3): | 0.1554 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1340 | |
| Courbe Coppock: | 2.04 |
| MA7: | 0.235732 | |
| MA20: | 0.248744 | |
| MA50: | 0.264974 | |
| MA100: | 0.219952 | |
| MAexp7: | 0.248353 | |
| MAexp20: | 0.246721 | |
| MAexp50: | 0.242328 | |
| MAexp100: | 0.238460 | |
| Price / MA7: | +8.74% | |
| Price / MA20: | +3.05% | |
| Price / MA50: | -3.26% | |
| Price / MA100: | +16.54% | |
| Price / MAexp7: | +3.21% | |
| Price / MAexp20: | +3.90% | |
| Price / MAexp50: | +5.78% | |
| Price / MAexp100: | +7.50% |
Quotes :
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Real time data
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