TRON - TRX/USD - 1H - Technical analysis published on 03/04/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 0.238150 USD
My targets
0.229233 USD (-1.10%)
0.226488 USD (-2.28%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRON - TRX/USD as long as the price remains well below 0.238150 USD. The sellers' bearish objective is set at 0.229233 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.226488 USD. In case of crossing, the next objective would be the support located at 0.221047 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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Additional analysis
Quotes
TRON - TRX/USD rating 0.231779 USD. On the day, this instrument gained +0.27% and was traded between 0.225980 USD and 0.233238 USD over the period. The price is currently at +2.57% from its lowest and -0.63% from its highest.0.225980
0.233238
0.231779
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
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.221047 | 0.226488 | 0.229233 | 0.231779 | 0.231780 | 0.238150 | 0.241616 |
| Change (%) | -4.63% | -2.28% | -1.10% | - | +0.00% | +2.75% | +4.24% |
| Change | -0.010732 | -0.005291 | -0.002546 | - | +0.000001 | +0.006371 | +0.009837 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Minor |
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 | 0.203422 | 0.214972 | 0.223067 | 0.234617 | 0.242712 | 0.254262 | 0.262357 |
| Camarilla | 0.225760 | 0.227560 | 0.229361 | 0.231162 | 0.232963 | 0.234764 | 0.236564 |
| Woodie | 0.201695 | 0.214108 | 0.221340 | 0.233753 | 0.240985 | 0.253398 | 0.260630 |
| Fibonacci | 0.214972 | 0.222476 | 0.227113 | 0.234617 | 0.242121 | 0.246758 | 0.254262 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.183923 | 0.200192 | 0.217090 | 0.233359 | 0.250257 | 0.266526 | 0.283424 |
| Camarilla | 0.224867 | 0.227907 | 0.230948 | 0.233988 | 0.237028 | 0.240069 | 0.243109 |
| Woodie | 0.184238 | 0.200349 | 0.217405 | 0.233516 | 0.250572 | 0.266683 | 0.283739 |
| Fibonacci | 0.200192 | 0.212862 | 0.220689 | 0.233359 | 0.246029 | 0.253856 | 0.266526 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.148217 | 0.174799 | 0.204047 | 0.230629 | 0.259877 | 0.286459 | 0.315707 |
| Camarilla | 0.217943 | 0.223061 | 0.228178 | 0.233296 | 0.238414 | 0.243532 | 0.248649 |
| Woodie | 0.149551 | 0.175466 | 0.205381 | 0.231296 | 0.261211 | 0.287126 | 0.317041 |
| Fibonacci | 0.174799 | 0.196126 | 0.209302 | 0.230629 | 0.251956 | 0.265132 | 0.286459 |
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): | 38.23 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -11.479351 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.230995 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.233439 | |
| Elder Ray (13): | -0.002028 | |
| Super Trend (3,10): | 0.240383 | |
| Zig ZAG (10): | 0.230728 | |
| VORTEX (21): | 0.8939 | |
| Stochastique (14,3,5): | 23.85 | |
| TEMA (21): | 0.228447 | |
| Williams %R (14): | -73.07 | |
| Chande Momentum Oscillator (20): | -0.012480 | |
| Repulse (5,40,3): | 0.6258 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1327 | |
| Courbe Coppock: | 9.64 |
| MA7: | 0.232708 | |
| MA20: | 0.236748 | |
| MA50: | 0.238585 | |
| MA100: | 0.249836 | |
| MAexp7: | 0.230891 | |
| MAexp20: | 0.234081 | |
| MAexp50: | 0.235865 | |
| MAexp100: | 0.235107 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -2.10% | |
| Price / MA50: | -2.85% | |
| Price / MA100: | -7.23% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | -0.98% | |
| Price / MAexp50: | -1.73% | |
| Price / MAexp100: | -1.42% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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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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