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TRON - TRX/USDT
TRON - TRX/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: TRXUSDT
ISIN:

TRON - TRX/USDT - 1H - Technical analysis published on 05/20/2023 (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 0.071497 USDT
My targets
0.074597 USDT (+2.69%)
0.075633 USDT (+4.12%)
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 0.071497 USDT. The next resistance located at 0.074597 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 0.075633 USDT. After this resistance, buyers could then target 0.087960 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

finacian
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The TRON - TRX/USDT rating is 0.072640 USDT. The price registered an increase of +2.79% on the session with the lowest point at 0.070530 USDT and the highest point at 0.072940 USDT. The deviation from the price is +2.99% for the low point and -0.41% for the high point.

0.070530
0.072940
0.072640

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of TRON - TRX/USDT in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.070392 0.070844 0.071497 0.072640 0.087960 0.123800 0.164100
Change (%) -3.09% -2.47% -1.57% - +21.09% +70.43% +125.91%
Change -0.002248 -0.001796 -0.001143 - +0.015320 +0.051160 +0.091460
Level Intermediate Minor Major - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0696770.0699430.0703070.0705730.0709370.0712030.071567
Camarilla0.0704970.0705550.0706120.0706700.0707280.0707860.070843
Woodie0.0697250.0699680.0703550.0705980.0709850.0712280.071615
Fibonacci0.0699430.0701840.0703330.0705730.0708140.0709630.071203


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0636170.0652130.0672770.0688730.0709370.0725330.074597
Camarilla0.0683340.0686690.0690050.0693400.0696760.0700110.070347
Woodie0.0638500.0653300.0675100.0689900.0711700.0726500.074830
Fibonacci0.0652130.0666120.0674750.0688730.0702720.0711350.072533


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0573030.0597070.0634130.0658170.0695230.0719270.075633
Camarilla0.0654400.0660000.0665600.0671200.0676800.0682400.068800
Woodie0.0579550.0600330.0640650.0661430.0701750.0722530.076285
Fibonacci0.0597070.0620410.0634830.0658170.0681510.0695930.071927

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): 56.85
MACD (12,26,9): 0.0001
Directional Movement: 9.467117
AROON (14): 92.857143
DEMA (21): 0.070748
Parabolic SAR (0,02-0,02-0,2): 0.070297
Elder Ray (13): 0.000152
Super Trend (3,10): 0.071156
Zig ZAG (10): 0.070830
VORTEX (21): 1.1088
Stochastique (14,3,5): 86.47
TEMA (21): 0.070815
Williams %R (14): -27.12
Chande Momentum Oscillator (20): 0.000300
Repulse (5,40,3): 0.0064
ROCnROLL: 1
TRIX (15,9): 0.0071
Courbe Coppock: 1.22
MA7: 0.070560
MA20: 0.069640
MA50: 0.067511
MA100: 0.066581
MAexp7: 0.071022
MAexp20: 0.070700
MAexp50: 0.070656
MAexp100: 0.070478
Price / MA7: +2.95%
Price / MA20: +4.31%
Price / MA50: +7.60%
Price / MA100: +9.10%
Price / MAexp7: +2.28%
Price / MAexp20: +2.74%
Price / MAexp50: +2.81%
Price / MAexp100: +3.07%

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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Londinia
Londinia AI

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