TRON - TRX/USDT - 1H - Technical analysis published on 04/13/2022 (GMT)
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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:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.059020 USDT
My targets
0.062830 USDT (+3.97%)
0.065170 USDT (+7.84%)
My analysis
The strong short-term increase in TRON - TRX/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.059020 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.062830 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.065170 USDT as an objective. Crossing it would then enable buyers to target 0.071740 USDT. Caution, a return under 0.059020 USDT could jeopardize the reversal.
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
3.6
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Additional analysis
Quotes
The TRON - TRX/USDT rating is 0.060430 USDT. On the day, this instrument gained +0.92% and was traded between 0.059360 USDT and 0.060440 USDT over the period. The price is currently at +1.80% from its lowest and -0.02% from its highest.0.059360
0.060440
0.060430
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRON - TRX/USDT:
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 slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.057780 | 0.059020 | 0.060380 | 0.060430 | 0.062830 | 0.065170 | 0.071740 |
| Change (%) | -4.39% | -2.33% | -0.08% | - | +3.97% | +7.84% | +18.72% |
| Change | -0.002650 | -0.001410 | -0.000050 | - | +0.002400 | +0.004740 | +0.011310 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.055980 | 0.056960 | 0.058420 | 0.059400 | 0.060860 | 0.061840 | 0.063300 |
| Camarilla | 0.059209 | 0.059433 | 0.059656 | 0.059880 | 0.060104 | 0.060327 | 0.060551 |
| Woodie | 0.056220 | 0.057080 | 0.058660 | 0.059520 | 0.061100 | 0.061960 | 0.063540 |
| Fibonacci | 0.056960 | 0.057892 | 0.058468 | 0.059400 | 0.060332 | 0.060908 | 0.061840 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.87 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.108853 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.060084 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.059319 | |
| Elder Ray (13): | 0.000341 | |
| Super Trend (3,10): | 0.059341 | |
| Zig ZAG (10): | 0.060360 | |
| VORTEX (21): | 1.0768 | |
| Stochastique (14,3,5): | 95.59 | |
| TEMA (21): | 0.060413 | |
| Williams %R (14): | -0.72 | |
| Chande Momentum Oscillator (20): | 0.000800 | |
| Repulse (5,40,3): | 0.6348 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0342 | |
| Courbe Coppock: | 1.89 |
| MA7: | 0.061673 | |
| MA20: | 0.067053 | |
| MA50: | 0.063288 | |
| MA100: | 0.063723 | |
| MAexp7: | 0.060177 | |
| MAexp20: | 0.059891 | |
| MAexp50: | 0.060072 | |
| MAexp100: | 0.061177 | |
| Price / MA7: | -2.02% | |
| Price / MA20: | -9.88% | |
| Price / MA50: | -4.52% | |
| Price / MA100: | -5.17% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | -1.22% |
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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