TRON - TRX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	TRXUSDT
ISIN:

TRON - TRX/USDT - Weekly - Technical analysis published on 11/22/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

83%

My opinion

Bearish under 0.055223 USDT

My targets

0.034942 USDT (-29.17%)

0.008431 USDT (-82.91%)

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 0.055223 USDT. The sellers' bearish objective is set at 0.034942 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.008431 USDT.

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

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 0.049330 USDT. Over 5 days, this instrument lost -1.71% and has been traded over the last 5 days between 0.048920 USDT and 0.052650 USDT. This implies that the 5 day price is +0.84% from its lowest point and -6.31% from its highest point.

0.048920

0.052650

0.049330

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

Here is a more detailed summary of the historical variations registered by TRON - TRX/USDT:

Technical

Technical analysis of TRON - TRX/USDT in Weekly shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.008431	0.034942	0.049330	0.055223	0.087960	0.123800
Change (%)	-82.91%	-29.17%	-	+11.95%	+78.31%	+150.96%
Change	-0.040899	-0.014388	-	+0.005893	+0.038630	+0.074470
Level	Minor	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.047597	0.048413	0.049977	0.050793	0.052357	0.053173	0.054737
Camarilla	0.050886	0.051104	0.051322	0.051540	0.051758	0.051976	0.052195
Woodie	0.047970	0.048600	0.050350	0.050980	0.052730	0.053360	0.055110
Fibonacci	0.048413	0.049323	0.049884	0.050793	0.051703	0.052264	0.053173

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.035170	0.040220	0.046180	0.051230	0.057190	0.062240	0.068200
Camarilla	0.049112	0.050122	0.051131	0.052140	0.053149	0.054159	0.055168
Woodie	0.035625	0.040448	0.046635	0.051458	0.057645	0.062468	0.068655
Fibonacci	0.040220	0.044426	0.047024	0.051230	0.055436	0.058034	0.062240

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.054037	0.056723	0.059997	0.062683	0.065957	0.068643	0.071917
Camarilla	0.061631	0.062177	0.062724	0.063270	0.063816	0.064363	0.064909
Woodie	0.054330	0.056870	0.060290	0.062830	0.066250	0.068790	0.072210
Fibonacci	0.056723	0.059000	0.060407	0.062683	0.064960	0.066367	0.068643

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):	33.40
MACD (12,26,9):	-0.0043
Directional Movement:	-14.477345
AROON (14):	-92.857143
DEMA (21):	0.055765
Parabolic SAR (0,02-0,02-0,2):	0.074732
Elder Ray (13):	-0.007911
Super Trend (3,10):	0.069325
Zig ZAG (10):	0.049220
VORTEX (21):	0.8856
Stochastique (14,3,5):	15.76
TEMA (21):	0.053935
Williams %R (14):	-81.48
Chande Momentum Oscillator (20):	-0.014240
Repulse (5,40,3):	-17.0633
ROCnROLL:	2
TRIX (15,9):	-0.6531
Courbe Coppock:	30.51

MA7:	0.050573
MA20:	0.055067
MA50:	0.059460
MA100:	0.061084
MAexp7:	0.055632
MAexp20:	0.061000
MAexp50:	0.066076
MAexp100:	0.064212
Price / MA7:	-2.46%
Price / MA20:	-10.42%
Price / MA50:	-17.04%
Price / MA100:	-19.24%
Price / MAexp7:	-11.33%
Price / MAexp20:	-19.13%
Price / MAexp50:	-25.34%
Price / MAexp100:	-23.18%

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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