TRON - TRX/USDT - 1H - Technical analysis published on 12/11/2022 (GMT)
- 197
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 0.053840 USDT
My targets
0.055223 USDT (+0.97%)
0.059081 USDT (+8.03%)
My analysis
With a bullish background trend, the price of TRON - TRX/USDT is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.053840 USDT. A bullish break in the resistance located at 0.055223 USDT would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.059081 USDT. Then 0.064513 USDT by extension. It would be safer to wait for a bullish break in the resistance located at 0.055223 USDT before allowing yourself to re trade long positions (at purchase) on TRON - TRX/USDT. PS: if there is a bearish break in the support located at 0.053840 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.2
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
TRON - TRX/USDT rating 0.054690 USDT. The price is lower by -0.22% since the last closing with the lowest point at 0.054630 USDT and the highest point at 0.054960 USDT. The deviation from the price is +0.11% for the low point and -0.49% for the high point.0.054630
0.054960
0.054690
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:
Technical
A technical analysis in 1H of this TRON - TRX/USDT chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black gravestone / inverted hammer
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 | 0.053360 | 0.053840 | 0.054630 | 0.054690 | 0.055223 | 0.059081 | 0.064513 |
| Change (%) | -2.43% | -1.55% | -0.11% | - | +0.97% | +8.03% | +17.96% |
| Change | -0.001330 | -0.000850 | -0.000060 | - | +0.000533 | +0.004391 | +0.009823 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.053433 | 0.054037 | 0.054423 | 0.055027 | 0.055413 | 0.056017 | 0.056403 |
| Camarilla | 0.054538 | 0.054629 | 0.054719 | 0.054810 | 0.054901 | 0.054992 | 0.055082 |
| Woodie | 0.053325 | 0.053983 | 0.054315 | 0.054973 | 0.055305 | 0.055963 | 0.056295 |
| Fibonacci | 0.054037 | 0.054415 | 0.054649 | 0.055027 | 0.055405 | 0.055639 | 0.056017 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049733 | 0.051077 | 0.052943 | 0.054287 | 0.056153 | 0.057497 | 0.059363 |
| Camarilla | 0.053927 | 0.054222 | 0.054516 | 0.054810 | 0.055104 | 0.055399 | 0.055693 |
| Woodie | 0.049995 | 0.051208 | 0.053205 | 0.054418 | 0.056415 | 0.057628 | 0.059625 |
| Fibonacci | 0.051077 | 0.052303 | 0.053060 | 0.054287 | 0.055513 | 0.056270 | 0.057497 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024323 | 0.034797 | 0.044703 | 0.055177 | 0.065083 | 0.075557 | 0.085463 |
| Camarilla | 0.049006 | 0.050874 | 0.052742 | 0.054610 | 0.056478 | 0.058346 | 0.060215 |
| Woodie | 0.024040 | 0.034655 | 0.044420 | 0.055035 | 0.064800 | 0.075415 | 0.085180 |
| Fibonacci | 0.034797 | 0.042582 | 0.047392 | 0.055177 | 0.062962 | 0.067772 | 0.075557 |
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): | 42.67 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.361190 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.054863 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.055177 | |
| Elder Ray (13): | -0.000122 | |
| Super Trend (3,10): | 0.054652 | |
| Zig ZAG (10): | 0.054720 | |
| VORTEX (21): | 0.9435 | |
| Stochastique (14,3,5): | 13.23 | |
| TEMA (21): | 0.054745 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.000090 | |
| Repulse (5,40,3): | -0.2040 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.74 |
| MA7: | 0.054104 | |
| MA20: | 0.053463 | |
| MA50: | 0.056235 | |
| MA100: | 0.058930 | |
| MAexp7: | 0.054793 | |
| MAexp20: | 0.054853 | |
| MAexp50: | 0.054690 | |
| MAexp100: | 0.054361 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +2.30% | |
| Price / MA50: | -2.75% | |
| Price / MA100: | -7.19% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.61% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis TRON - TRX/USDT - 1H