TRON - TRX/USDT - 1H - Technical analysis published on 12/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.053360 USDT
My targets
0.050070 USDT (-4.12%)
0.049733 USDT (-4.76%)
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 0.053360 USDT. The sellers' bearish objective is set at 0.050070 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.049733 USDT. In case of crossing, the next objective would be the support located at 0.034942 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The TRON - TRX/USDT price is 0.052220 USDT. The price registered a decrease of -3.24% on the session and was between 0.052000 USDT and 0.053980 USDT. This implies that the price is at +0.42% from its lowest and at -3.26% from its highest.0.052000
0.053980
0.052220
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
Here is a more detailed summary of the historical variations registered by TRON - TRX/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TRON - TRX/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.034942 | 0.050070 | 0.052220 | 0.052420 | 0.053360 | 0.053840 |
| Change (%) | -33.09% | -4.12% | - | +0.38% | +2.18% | +3.10% |
| Change | -0.017278 | -0.002150 | - | +0.000200 | +0.001140 | +0.001620 |
| Level | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 0.052283 | 0.053017 | 0.053493 | 0.054227 | 0.054703 | 0.055437 | 0.055913 |
| Camarilla | 0.053637 | 0.053748 | 0.053859 | 0.053970 | 0.054081 | 0.054192 | 0.054303 |
| Woodie | 0.052155 | 0.052953 | 0.053365 | 0.054163 | 0.054575 | 0.055373 | 0.055785 |
| Fibonacci | 0.053017 | 0.053479 | 0.053764 | 0.054227 | 0.054689 | 0.054974 | 0.055437 |
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): | 22.50 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -44.900533 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.052873 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.053480 | |
| Elder Ray (13): | -0.001091 | |
| Super Trend (3,10): | 0.053077 | |
| Zig ZAG (10): | 0.052220 | |
| VORTEX (21): | 0.5570 | |
| Stochastique (14,3,5): | 6.23 | |
| TEMA (21): | 0.052512 | |
| Williams %R (14): | -90.83 | |
| Chande Momentum Oscillator (20): | -0.001840 | |
| Repulse (5,40,3): | -1.5476 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1017 | |
| Courbe Coppock: | 5.30 |
| MA7: | 0.053839 | |
| MA20: | 0.053500 | |
| MA50: | 0.056028 | |
| MA100: | 0.058814 | |
| MAexp7: | 0.052807 | |
| MAexp20: | 0.053518 | |
| MAexp50: | 0.054054 | |
| MAexp100: | 0.054133 | |
| Price / MA7: | -3.01% | |
| Price / MA20: | -2.39% | |
| Price / MA50: | -6.80% | |
| Price / MA100: | -11.21% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -2.43% | |
| Price / MAexp50: | -3.39% | |
| Price / MAexp100: | -3.53% |
Quotes :
-
Real time data
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Cryptocompare
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