TRON - TRX/USDT - 1H - Technical analysis published on 04/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.059490 USDT
My targets
0.058050 USDT (-1.71%)
0.055050 USDT (-6.79%)
My analysis
TRON - TRX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.059490 USDT. The next support located at 0.058050 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.055050 USDT. Below this support, sellers could then target 0.025503 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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This analysis was given by mickaastrup. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USDT rating is 0.059060 USDT. On the day, this instrument lost -5.37% with the lowest point at 0.058790 USDT and the highest point at 0.062530 USDT. The deviation from the price is +0.46% for the low point and -5.55% for the high point.0.058790
0.062530
0.059060
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TRON - TRX/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.012628 | 0.025503 | 0.058050 | 0.059060 | 0.063456 | 0.068840 | 0.071450 |
| Change (%) | -78.62% | -56.82% | -1.71% | - | +7.44% | +16.56% | +20.98% |
| Change | -0.046432 | -0.033557 | -0.001010 | - | +0.004396 | +0.009780 | +0.012390 |
| 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 | 0.059617 | 0.060923 | 0.061667 | 0.062973 | 0.063717 | 0.065023 | 0.065767 |
| Camarilla | 0.061846 | 0.062034 | 0.062222 | 0.062410 | 0.062598 | 0.062786 | 0.062974 |
| Woodie | 0.059335 | 0.060783 | 0.061385 | 0.062833 | 0.063435 | 0.064883 | 0.065485 |
| Fibonacci | 0.060923 | 0.061706 | 0.062190 | 0.062973 | 0.063756 | 0.064240 | 0.065023 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.047960 | 0.055050 | 0.059490 | 0.066580 | 0.071020 | 0.078110 | 0.082550 |
| Camarilla | 0.060759 | 0.061816 | 0.062873 | 0.063930 | 0.064987 | 0.066044 | 0.067101 |
| Woodie | 0.046635 | 0.054388 | 0.058165 | 0.065918 | 0.069695 | 0.077448 | 0.081225 |
| Fibonacci | 0.055050 | 0.059455 | 0.062176 | 0.066580 | 0.070985 | 0.073706 | 0.078110 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 20.94 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -37.995266 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.059566 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.060178 | |
| Elder Ray (13): | -0.001180 | |
| Super Trend (3,10): | 0.060545 | |
| Zig ZAG (10): | 0.059070 | |
| VORTEX (21): | 0.5339 | |
| Stochastique (14,3,5): | 7.36 | |
| TEMA (21): | 0.058894 | |
| Williams %R (14): | -92.40 | |
| Chande Momentum Oscillator (20): | -0.002470 | |
| Repulse (5,40,3): | -0.7472 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1863 | |
| Courbe Coppock: | 9.41 |
| MA7: | 0.063520 | |
| MA20: | 0.067585 | |
| MA50: | 0.063347 | |
| MA100: | 0.064076 | |
| MAexp7: | 0.059560 | |
| MAexp20: | 0.060841 | |
| MAexp50: | 0.062074 | |
| MAexp100: | 0.063341 | |
| Price / MA7: | -7.02% | |
| Price / MA20: | -12.61% | |
| Price / MA50: | -6.77% | |
| Price / MA100: | -7.83% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -2.93% | |
| Price / MAexp50: | -4.86% | |
| Price / MAexp100: | -6.76% |
Quotes :
-
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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