TRON - TRX/USD - 1H - Technical analysis published on 02/27/2020 (GMT)
- Who voted?
- 179
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.018124 USD
My targets
0.017040 USD (-2.14%)
0.016112 USD (-7.47%)
My analysis
In a bearish trend, the price of TRON - TRX/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.018124 USD. A bearish break in the support located at 0.017040 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.016112 USD. Then 0.014290 USD by extension. It would be safer to wait for a bearish break in the support located at 0.017040 USD before allowing yourself to re trade short positions (for sale) on TRON - TRX/USD. PS: if there is a bullish break in the resistance located at 0.018124 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USD price is 0.017413 USD. On the day, this instrument lost +6.02% and was between 0.015790 USD and 0.017413 USD. This implies that the price is at +10.28% from its lowest and at 0% from its highest.0.015790
0.017413
0.017413
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. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 0.012110 | 0.014290 | 0.016112 | 0.017413 | 0.018124 | 0.020122 | 0.021500 |
| Change (%) | -30.45% | -17.93% | -7.47% | - | +4.08% | +15.56% | +23.47% |
| Change | -0.005303 | -0.003123 | -0.001301 | - | +0.000711 | +0.002709 | +0.004087 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011354 | 0.013476 | 0.014951 | 0.017073 | 0.018548 | 0.020670 | 0.022145 |
| Camarilla | 0.015436 | 0.015766 | 0.016095 | 0.016425 | 0.016755 | 0.017084 | 0.017414 |
| Woodie | 0.011030 | 0.013314 | 0.014627 | 0.016911 | 0.018224 | 0.020508 | 0.021821 |
| Fibonacci | 0.013476 | 0.014850 | 0.015699 | 0.017073 | 0.018447 | 0.019296 | 0.020670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011679 | 0.015254 | 0.017637 | 0.021212 | 0.023595 | 0.027170 | 0.029553 |
| Camarilla | 0.018382 | 0.018928 | 0.019474 | 0.020020 | 0.020566 | 0.021112 | 0.021659 |
| Woodie | 0.011083 | 0.014956 | 0.017041 | 0.020914 | 0.022999 | 0.026872 | 0.028957 |
| Fibonacci | 0.015254 | 0.017530 | 0.018936 | 0.021212 | 0.023488 | 0.024894 | 0.027170 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007134 | 0.009894 | 0.014280 | 0.017040 | 0.021426 | 0.024186 | 0.028572 |
| Camarilla | 0.016702 | 0.017357 | 0.018012 | 0.018667 | 0.019322 | 0.019977 | 0.020632 |
| Woodie | 0.007948 | 0.010301 | 0.015094 | 0.017447 | 0.022240 | 0.024593 | 0.029386 |
| Fibonacci | 0.009894 | 0.012623 | 0.014310 | 0.017040 | 0.019769 | 0.021456 | 0.024186 |
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): | 54.12 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.532098 | |
| AROON (14): | 64.285717 | |
| DEMA (21): | 0.016866 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.015973 | |
| Elder Ray (13): | 0.000192 | |
| Super Trend (3,10): | 0.017601 | |
| Zig ZAG (10): | 0.017254 | |
| VORTEX (21): | 1.1016 | |
| Stochastique (14,3,5): | 84.88 | |
| TEMA (21): | 0.017196 | |
| Williams %R (14): | -7.07 | |
| Chande Momentum Oscillator (20): | 0.000649 | |
| Repulse (5,40,3): | 1.3563 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0928 | |
| Courbe Coppock: | 7.21 |
| MA7: | 0.019172 | |
| MA20: | 0.021383 | |
| MA50: | 0.019101 | |
| MA100: | 0.016645 | |
| MAexp7: | 0.017096 | |
| MAexp20: | 0.016946 | |
| MAexp50: | 0.017417 | |
| MAexp100: | 0.018259 | |
| Price / MA7: | -9.17% | |
| Price / MA20: | -18.57% | |
| Price / MA50: | -8.84% | |
| Price / MA100: | +4.61% | |
| Price / MAexp7: | +1.85% | |
| Price / MAexp20: | +2.76% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -4.63% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis TRON - TRX/USD - 1H