TRON - TRX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	TRXUSDT
ISIN:

TRON - TRX/USDT - Weekly - Technical analysis published on 12/18/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 0.065083 USDT

My targets

0.044703 USDT (-16.63%)

0.034942 USDT (-34.83%)

My analysis

In the short term, we can see an acceleration in the bearish trend on TRON - TRX/USDT, which is a positive signal for sellers. As long as the price remains above 0.065083 USDT, a sale could be considered. The first bearish objective is located at 0.044703 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.034942 USDT as an objective. If the price were to return above 0.065083 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

5.7

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 0.053620 USDT. The price is up +0.17% over 5 days and has been traded over the last 5 days between 0.052620 USDT and 0.057480 USDT. This implies that the 5 day price is +1.90% from its lowest point and -6.72% from its highest point.

0.052620

0.057480

0.053620

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this TRON - TRX/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals 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, only 9 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Weekly

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.034942	0.053620	0.055223	0.087960	0.123800
Change (%)	-34.83%	-	+2.99%	+64.04%	+130.88%
Change	-0.018678	-	+0.001603	+0.034340	+0.070180
Level	Intermediate	-	Major	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	0.049803	0.050857	0.052853	0.053907	0.055903	0.056957	0.058953
Camarilla	0.054011	0.054291	0.054570	0.054850	0.055130	0.055409	0.055689
Woodie	0.050275	0.051093	0.053325	0.054143	0.056375	0.057193	0.059425
Fibonacci	0.050857	0.052022	0.052742	0.053907	0.055072	0.055792	0.056957

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.046443	0.049177	0.052013	0.054747	0.057583	0.060317	0.063153
Camarilla	0.053318	0.053829	0.054339	0.054850	0.055361	0.055871	0.056382
Woodie	0.046495	0.049203	0.052065	0.054773	0.057635	0.060343	0.063205
Fibonacci	0.049177	0.051304	0.052619	0.054747	0.056874	0.058189	0.060317

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):	39.44
MACD (12,26,9):	-0.0040
Directional Movement:	-7.699974
AROON (14):	-7.142857
DEMA (21):	0.053590
Parabolic SAR (0,02-0,02-0,2):	0.070294
Elder Ray (13):	-0.002482
Super Trend (3,10):	0.069325
Zig ZAG (10):	0.053700
VORTEX (21):	0.9063
Stochastique (14,3,5):	43.52
TEMA (21):	0.052312
Williams %R (14):	-59.32
Chande Momentum Oscillator (20):	-0.007360
Repulse (5,40,3):	-3.2800
ROCnROLL:	2
TRIX (15,9):	-0.8060
Courbe Coppock:	29.01

MA7:	0.054393
MA20:	0.054099
MA50:	0.055043
MA100:	0.058364
MAexp7:	0.054659
MAexp20:	0.058804
MAexp50:	0.064345
MAexp100:	0.063424
Price / MA7:	-1.42%
Price / MA20:	-0.89%
Price / MA50:	-2.59%
Price / MA100:	-8.13%
Price / MAexp7:	-1.90%
Price / MAexp20:	-8.82%
Price / MAexp50:	-16.67%
Price / MAexp100:	-15.46%

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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