TRON - TRX/USD - 1H - Technical analysis published on 01/27/2025 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.254521 USD
My targets
0.243216 USD (-0.97%)
0.237543 USD (-3.28%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.254521 USD remains possible. It is advisable to trade TRON - TRX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.254521 USD. The next bearish objective for sellers is set at 0.243216 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.237543 USD. In case of crossing, the next objective would be the support located at 0.228548 USD. PS: if there is a bullish break in the resistance located at 0.254521 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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Additional analysis
Quotes
TRON - TRX/USD rating 0.245604 USD. On the day, this instrument lost -0.24% and was traded between 0.231931 USD and 0.247663 USD over the period. The price is currently at +5.90% from its lowest and -0.83% from its highest.0.231931
0.247663
0.245604
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 an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.228548 | 0.237543 | 0.243216 | 0.245604 | 0.254521 | 0.262244 | 0.270008 |
| Change (%) | -6.94% | -3.28% | -0.97% | - | +3.63% | +6.78% | +9.94% |
| Change | -0.017056 | -0.008061 | -0.002388 | - | +0.008917 | +0.016640 | +0.024404 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.234020 | 0.239877 | 0.243038 | 0.248895 | 0.252056 | 0.257913 | 0.261074 |
| Camarilla | 0.243720 | 0.244547 | 0.245373 | 0.246200 | 0.247027 | 0.247853 | 0.248680 |
| Woodie | 0.232673 | 0.239203 | 0.241691 | 0.248221 | 0.250709 | 0.257239 | 0.259727 |
| Fibonacci | 0.239877 | 0.243322 | 0.245450 | 0.248895 | 0.252340 | 0.254468 | 0.257913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.191553 | 0.207460 | 0.230431 | 0.246338 | 0.269309 | 0.285216 | 0.308187 |
| Camarilla | 0.242712 | 0.246275 | 0.249839 | 0.253403 | 0.256967 | 0.260531 | 0.264095 |
| Woodie | 0.195086 | 0.209226 | 0.233964 | 0.248104 | 0.272842 | 0.286982 | 0.311720 |
| Fibonacci | 0.207460 | 0.222311 | 0.231486 | 0.246338 | 0.261189 | 0.270364 | 0.285216 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.113558 | 0.168590 | 0.211575 | 0.266607 | 0.309592 | 0.364624 | 0.407609 |
| Camarilla | 0.227606 | 0.236591 | 0.245576 | 0.254561 | 0.263546 | 0.272531 | 0.281516 |
| Woodie | 0.107536 | 0.165578 | 0.205553 | 0.263595 | 0.303570 | 0.361612 | 0.401587 |
| Fibonacci | 0.168590 | 0.206032 | 0.229164 | 0.266607 | 0.304049 | 0.327181 | 0.364624 |
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): | 49.52 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -4.710854 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.240582 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.239428 | |
| Elder Ray (13): | 0.001063 | |
| Super Trend (3,10): | 0.245139 | |
| Zig ZAG (10): | 0.243492 | |
| VORTEX (21): | 0.9561 | |
| Stochastique (14,3,5): | 77.65 | |
| TEMA (21): | 0.241536 | |
| Williams %R (14): | -17.46 | |
| Chande Momentum Oscillator (20): | 0.007823 | |
| Repulse (5,40,3): | 0.4243 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1335 | |
| Courbe Coppock: | 2.11 |
| MA7: | 0.249953 | |
| MA20: | 0.241745 | |
| MA50: | 0.255489 | |
| MA100: | 0.227688 | |
| MAexp7: | 0.242652 | |
| MAexp20: | 0.242725 | |
| MAexp50: | 0.246086 | |
| MAexp100: | 0.248307 | |
| Price / MA7: | -1.74% | |
| Price / MA20: | +1.60% | |
| Price / MA50: | -3.87% | |
| Price / MA100: | +7.87% | |
| Price / MAexp7: | +1.22% | |
| Price / MAexp20: | +1.19% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -1.09% |
Quotes :
-
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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