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TRON - TRX/USDT
TRON - TRX/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: TRXUSDT
ISIN:

TRON - TRX/USDT - 1H - Technical analysis published on 01/03/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.027280 USDT
My targets
0.029482 USDT (+4.29%)
0.031030 USDT (+9.76%)
My analysis
TRON - TRX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.027280 USDT. The next resistance located at 0.029482 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.031030 USDT. After this resistance, buyers could then target 0.031430 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.6

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The TRON - TRX/USDT rating is 0.028270 USDT. The price registered an increase of +3.90% on the session and was traded between 0.026550 USDT and 0.029220 USDT over the period. The price is currently at +6.48% from its lowest and -3.25% from its highest.

0.026550
0.029220
0.028270

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by TRON - TRX/USDT:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this TRON - TRX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.026080 0.026494 0.027280 0.028270 0.028333 0.029482 0.031030
Change (%) -7.75% -6.28% -3.50% - +0.22% +4.29% +9.76%
Change -0.002190 -0.001776 -0.000990 - +0.000063 +0.001212 +0.002760
Level Minor Major Major - Minor Minor 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
Standard0.0251270.0258230.0265170.0272130.0279070.0286030.029297
Camarilla0.0268280.0269550.0270830.0272100.0273370.0274650.027592
Woodie0.0251250.0258230.0265150.0272130.0279050.0286030.029295
Fibonacci0.0258230.0263540.0266820.0272130.0277440.0280720.028603


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0202330.0231570.0251830.0281070.0301330.0330570.035083
Camarilla0.0258490.0263030.0267560.0272100.0276640.0281180.028571
Woodie0.0197850.0229330.0247350.0278830.0296850.0328330.034635
Fibonacci0.0231570.0250480.0262160.0281070.0299980.0311660.033057


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0122330.0181070.0224430.0283170.0326530.0385270.042863
Camarilla0.0239720.0249080.0258440.0267800.0277160.0286520.029588
Woodie0.0114650.0177230.0216750.0279330.0318850.0381430.042095
Fibonacci0.0181070.0220070.0244160.0283170.0322170.0346260.038527

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): 64.99
MACD (12,26,9): 0.0004
Directional Movement: 21.100951
AROON (14): 71.428572
DEMA (21): 0.028167
Parabolic SAR (0,02-0,02-0,2): 0.027398
Elder Ray (13): 0.000925
Super Trend (3,10): 0.027151
Zig ZAG (10): 0.028430
VORTEX (21): 1.1645
Stochastique (14,3,5): 77.94
TEMA (21): 0.028409
Williams %R (14): -35.21
Chande Momentum Oscillator (20): 0.001440
Repulse (5,40,3): -1.7060
ROCnROLL: 1
TRIX (15,9): 0.1258
Courbe Coppock: 9.24
MA7: 0.027707
MA20: 0.028714
MA50: 0.029133
MA100: 0.027587
MAexp7: 0.028364
MAexp20: 0.027708
MAexp50: 0.027316
MAexp100: 0.027225
Price / MA7: +2.03%
Price / MA20: -1.55%
Price / MA50: -2.96%
Price / MA100: +2.48%
Price / MAexp7: -0.33%
Price / MAexp20: +2.03%
Price / MAexp50: +3.49%
Price / MAexp100: +3.84%

Quotes : 2021-01-03 18:39:17 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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