TRON - TRX/USDT - 1H - Technical analysis published on 10/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 0.062299 USDT
My targets
0.064698 USDT (+3.04%)
0.070379 USDT (+12.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON - TRX/USDT as long as the price remains well above 0.062299 USDT. The buyers' bullish objective is set at 0.064698 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.070379 USDT. If there is any crossing, the next objective would be the resistance located at 0.080475 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 overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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Additional analysis
Quotes
The TRON - TRX/USDT price is 0.062790 USDT. The price has increased by +0.06% since the last closing and was between 0.062700 USDT and 0.063280 USDT. This implies that the price is at +0.14% from its lowest and at -0.77% from its highest.0.062700
0.063280
0.062790
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TRON - TRX/USDT in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 10 are neutral and 2 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.060080 | 0.061478 | 0.062299 | 0.062790 | 0.062917 | 0.064698 | 0.070379 |
| Change (%) | -4.32% | -2.09% | -0.78% | - | +0.20% | +3.04% | +12.09% |
| Change | -0.002710 | -0.001312 | -0.000491 | - | +0.000127 | +0.001908 | +0.007589 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.060747 | 0.061323 | 0.062037 | 0.062613 | 0.063327 | 0.063903 | 0.064617 |
| Camarilla | 0.062395 | 0.062514 | 0.062632 | 0.062750 | 0.062868 | 0.062987 | 0.063105 |
| Woodie | 0.060815 | 0.061358 | 0.062105 | 0.062648 | 0.063395 | 0.063938 | 0.064685 |
| Fibonacci | 0.061323 | 0.061816 | 0.062121 | 0.062613 | 0.063106 | 0.063411 | 0.063903 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.054550 | 0.056460 | 0.058480 | 0.060390 | 0.062410 | 0.064320 | 0.066340 |
| Camarilla | 0.059419 | 0.059780 | 0.060140 | 0.060500 | 0.060860 | 0.061221 | 0.061581 |
| Woodie | 0.054605 | 0.056488 | 0.058535 | 0.060418 | 0.062465 | 0.064348 | 0.066395 |
| Fibonacci | 0.056460 | 0.057961 | 0.058889 | 0.060390 | 0.061891 | 0.062819 | 0.064320 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051317 | 0.054843 | 0.057927 | 0.061453 | 0.064537 | 0.068063 | 0.071147 |
| Camarilla | 0.059192 | 0.059798 | 0.060404 | 0.061010 | 0.061616 | 0.062222 | 0.062828 |
| Woodie | 0.051095 | 0.054733 | 0.057705 | 0.061343 | 0.064315 | 0.067953 | 0.070925 |
| Fibonacci | 0.054843 | 0.057368 | 0.058928 | 0.061453 | 0.063978 | 0.065538 | 0.068063 |
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): | 51.07 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.567298 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.062915 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.062711 | |
| Elder Ray (13): | -0.000055 | |
| Super Trend (3,10): | 0.062296 | |
| Zig ZAG (10): | 0.062780 | |
| VORTEX (21): | 1.0465 | |
| Stochastique (14,3,5): | 54.42 | |
| TEMA (21): | 0.062899 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.000110 | |
| Repulse (5,40,3): | -0.1250 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0249 | |
| Courbe Coppock: | 0.88 |
| MA7: | 0.061869 | |
| MA20: | 0.060685 | |
| MA50: | 0.062229 | |
| MA100: | 0.065130 | |
| MAexp7: | 0.062843 | |
| MAexp20: | 0.062787 | |
| MAexp50: | 0.062561 | |
| MAexp100: | 0.062173 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | +3.47% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | -3.59% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.99% |
Quotes :
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Real time data
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