TRON - TRX/USDT - 1H - Technical analysis published on 11/30/2022 (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:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.053753 USDT
My targets
0.055223 USDT (+1.76%)
0.059081 USDT (+8.86%)
My analysis
TRON - TRX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.053753 USDT. The next resistance located at 0.055223 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.059081 USDT. After this resistance, buyers could then target 0.064513 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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Additional analysis
Quotes
The TRON - TRX/USDT price is 0.054270 USDT. On the day, this instrument gained +1.90% with the lowest point at 0.053270 USDT and the highest point at 0.054440 USDT. The deviation from the price is +1.88% for the low point and -0.31% for the high point.0.053270
0.054440
0.054270
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of TRON - TRX/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.050570 | 0.051957 | 0.053753 | 0.054270 | 0.054390 | 0.055223 | 0.059081 |
| Change (%) | -6.82% | -4.26% | -0.95% | - | +0.22% | +1.76% | +8.86% |
| Change | -0.003700 | -0.002313 | -0.000517 | - | +0.000120 | +0.000953 | +0.004811 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050937 | 0.051853 | 0.052557 | 0.053473 | 0.054177 | 0.055093 | 0.055797 |
| Camarilla | 0.052815 | 0.052963 | 0.053112 | 0.053260 | 0.053409 | 0.053557 | 0.053706 |
| Woodie | 0.050830 | 0.051800 | 0.052450 | 0.053420 | 0.054070 | 0.055040 | 0.055690 |
| Fibonacci | 0.051853 | 0.052472 | 0.052855 | 0.053473 | 0.054092 | 0.054475 | 0.055093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045033 | 0.046977 | 0.049883 | 0.051827 | 0.054733 | 0.056677 | 0.059583 |
| Camarilla | 0.051456 | 0.051901 | 0.052345 | 0.052790 | 0.053235 | 0.053679 | 0.054124 |
| Woodie | 0.045515 | 0.047218 | 0.050365 | 0.052068 | 0.055215 | 0.056918 | 0.060065 |
| Fibonacci | 0.046977 | 0.048829 | 0.049974 | 0.051827 | 0.053679 | 0.054824 | 0.056677 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.03 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 12.521206 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.054145 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.053727 | |
| Elder Ray (13): | 0.000207 | |
| Super Trend (3,10): | 0.053507 | |
| Zig ZAG (10): | 0.054270 | |
| VORTEX (21): | 1.1538 | |
| Stochastique (14,3,5): | 82.35 | |
| TEMA (21): | 0.054219 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 0.000770 | |
| Repulse (5,40,3): | 0.3826 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0390 | |
| Courbe Coppock: | 2.28 |
| MA7: | 0.053196 | |
| MA20: | 0.052112 | |
| MA50: | 0.057994 | |
| MA100: | 0.059984 | |
| MAexp7: | 0.054129 | |
| MAexp20: | 0.053921 | |
| MAexp50: | 0.053664 | |
| MAexp100: | 0.053361 | |
| Price / MA7: | +2.02% | |
| Price / MA20: | +4.14% | |
| Price / MA50: | -6.42% | |
| Price / MA100: | -9.53% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +1.70% |
Quotes :
-
Real time data
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Cryptocompare
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