TRON - TRX/USDT - 1H - Technical analysis published on 04/09/2022 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 0.066237 USDT
My targets
0.059293 USDT (-6.30%)
0.058050 USDT (-8.26%)
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 0.066237 USDT. The next bearish objective for sellers is set at 0.059293 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.058050 USDT. If there is any crossing, the next objective would be the support located at 0.025503 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.1
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Additional analysis
Quotes
The TRON - TRX/USDT price is 0.063280 USDT. The price has increased by +1.17% since the last closing and was between 0.062440 USDT and 0.063700 USDT. This implies that the price is at +1.35% from its lowest and at -0.66% from its highest.0.062440
0.063700
0.063280
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/USDT in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.012628 | 0.025503 | 0.058050 | 0.063280 | 0.063456 | 0.068840 | 0.071450 |
| Change (%) | -80.04% | -59.70% | -8.26% | - | +0.28% | +8.79% | +12.91% |
| Change | -0.050652 | -0.037777 | -0.005230 | - | +0.000176 | +0.005560 | +0.008170 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.058373 | 0.060257 | 0.061403 | 0.063287 | 0.064433 | 0.066317 | 0.067463 |
| Camarilla | 0.061717 | 0.061995 | 0.062272 | 0.062550 | 0.062828 | 0.063106 | 0.063383 |
| Woodie | 0.058005 | 0.060073 | 0.061035 | 0.063103 | 0.064065 | 0.066133 | 0.067095 |
| Fibonacci | 0.060257 | 0.061414 | 0.062129 | 0.063287 | 0.064444 | 0.065159 | 0.066317 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.052677 | 0.059293 | 0.066237 | 0.072853 | 0.079797 | 0.086413 | 0.093357 |
| Camarilla | 0.069451 | 0.070694 | 0.071937 | 0.073180 | 0.074423 | 0.075666 | 0.076909 |
| Woodie | 0.052840 | 0.059375 | 0.066400 | 0.072935 | 0.079960 | 0.086495 | 0.093520 |
| Fibonacci | 0.059293 | 0.064473 | 0.067673 | 0.072853 | 0.078033 | 0.081233 | 0.086413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039183 | 0.048357 | 0.061123 | 0.070297 | 0.083063 | 0.092237 | 0.105003 |
| Camarilla | 0.067857 | 0.069868 | 0.071879 | 0.073890 | 0.075901 | 0.077912 | 0.079924 |
| Woodie | 0.040980 | 0.049255 | 0.062920 | 0.071195 | 0.084860 | 0.093135 | 0.106800 |
| Fibonacci | 0.048357 | 0.056738 | 0.061916 | 0.070297 | 0.078678 | 0.083856 | 0.092237 |
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): | 46.16 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.298875 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.063099 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.063022 | |
| Elder Ray (13): | -0.000045 | |
| Super Trend (3,10): | 0.064003 | |
| Zig ZAG (10): | 0.063190 | |
| VORTEX (21): | 0.9649 | |
| Stochastique (14,3,5): | 68.16 | |
| TEMA (21): | 0.063219 | |
| Williams %R (14): | -34.62 | |
| Chande Momentum Oscillator (20): | 0.000160 | |
| Repulse (5,40,3): | -0.3819 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0431 | |
| Courbe Coppock: | 0.73 |
| MA7: | 0.066593 | |
| MA20: | 0.067736 | |
| MA50: | 0.063411 | |
| MA100: | 0.064374 | |
| MAexp7: | 0.063247 | |
| MAexp20: | 0.063302 | |
| MAexp50: | 0.063863 | |
| MAexp100: | 0.065338 | |
| Price / MA7: | -4.97% | |
| Price / MA20: | -6.58% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | -1.70% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -3.15% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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