TRON - TRX/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	TRXUSDT
ISIN:

TRON - TRX/USDT - Daily - Technical analysis published on 01/23/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 0.063450 USDT

My targets

0.050523 USDT (-9.73%)

0.047833 USDT (-14.54%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRON - TRX/USDT as long as the price remains well below 0.063450 USDT. The sellers' bearish objective is set at 0.050523 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.047833 USDT. In case of crossing, the next objective would be the support located at 0.025503 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.8

Comment on the analysis

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TRON - TRX/USDT rating is 0.055970 USDT. The price is lower by -1.41% since the last closing with the lowest point at 0.055500 USDT and the highest point at 0.058510 USDT. The deviation from the price is +0.85% for the low point and -4.34% for the high point.

0.055500

0.058510

0.055970

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:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this TRON - TRX/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.012628	0.025503	0.050523	0.055970	0.063450	0.075320	0.082967
Change (%)	-77.44%	-54.43%	-9.73%	-	+13.36%	+34.57%	+48.23%
Change	-0.043342	-0.030467	-0.005447	-	+0.007480	+0.019350	+0.026997
Level	Minor	Intermediate	Major	-	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	0.043620	0.048330	0.052550	0.057260	0.061480	0.066190	0.070410
Camarilla	0.054314	0.055133	0.055951	0.056770	0.057589	0.058407	0.059226
Woodie	0.043375	0.048208	0.052305	0.057138	0.061235	0.066068	0.070165
Fibonacci	0.048330	0.051741	0.053849	0.057260	0.060671	0.062779	0.066190

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.029700	0.041370	0.049070	0.060740	0.068440	0.080110	0.087810
Camarilla	0.051443	0.053219	0.054994	0.056770	0.058546	0.060321	0.062097
Woodie	0.027715	0.040378	0.047085	0.059748	0.066455	0.079118	0.085825
Fibonacci	0.041370	0.048769	0.053341	0.060740	0.068139	0.072711	0.080110

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.047833	0.060697	0.068023	0.080887	0.088213	0.101077	0.108403
Camarilla	0.069798	0.071649	0.073499	0.075350	0.077201	0.079052	0.080902
Woodie	0.045065	0.059313	0.065255	0.079503	0.085445	0.099693	0.105635
Fibonacci	0.060697	0.068409	0.073174	0.080887	0.088599	0.093364	0.101077

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	25.74
MACD (12,26,9):	-0.0046
Directional Movement:	-27.382115
AROON (14):	-35.714286
DEMA (21):	0.061194
Parabolic SAR (0,02-0,02-0,2):	0.071396
Elder Ray (13):	-0.007842
Super Trend (3,10):	0.069832
Zig ZAG (10):	0.055910
VORTEX (21):	0.7489
Stochastique (14,3,5):	14.16
TEMA (21):	0.060713
Williams %R (14):	-85.18
Chande Momentum Oscillator (20):	-0.009020
Repulse (5,40,3):	-15.8475
ROCnROLL:	2
TRIX (15,9):	-0.7612
Courbe Coppock:	15.60

MA7:	0.064274
MA20:	0.066818
MA50:	0.076298
MA100:	0.089205
MAexp7:	0.062153
MAexp20:	0.067192
MAexp50:	0.075474
MAexp100:	0.082262
Price / MA7:	-12.92%
Price / MA20:	-16.24%
Price / MA50:	-26.64%
Price / MA100:	-37.26%
Price / MAexp7:	-9.95%
Price / MAexp20:	-16.70%
Price / MAexp50:	-25.84%
Price / MAexp100:	-31.96%

Quotes : - Real time data - Cryptocompare

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

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