TRON - TRX/USDT - 1H - Technical analysis published on 06/08/2023 (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:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.075270 USDT
My targets
0.078480 USDT (+1.03%)
0.080170 USDT (+3.21%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for TRON - TRX/USDT as long as the price remains well above 0.075270 USDT. The buyers' bullish objective is set at 0.078480 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.080170 USDT. If there is any crossing, the next objective would be the resistance located at 0.082630 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.078480 USDT. On this resistance, against the trend traders who would like to go short on TRON - TRX/USDT with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.3
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Additional analysis
Quotes
The TRON - TRX/USDT price is 0.077680 USDT. On the day, this instrument gained +1.21% and was traded between 0.076140 USDT and 0.078050 USDT over the period. The price is currently at +2.02% from its lowest and -0.47% from its highest.0.076140
0.078050
0.077680
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
Here is a more detailed summary of the historical variations registered by TRON - TRX/USDT:
Technical
A technical analysis in 1H of this TRON - TRX/USDT chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.074070 | 0.075270 | 0.077423 | 0.077680 | 0.078480 | 0.080170 | 0.082630 |
| Change (%) | -4.65% | -3.10% | -0.33% | - | +1.03% | +3.21% | +6.37% |
| Change | -0.003610 | -0.002410 | -0.000257 | - | +0.000800 | +0.002490 | +0.004950 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073037 | 0.074643 | 0.075697 | 0.077303 | 0.078357 | 0.079963 | 0.081017 |
| Camarilla | 0.076019 | 0.076262 | 0.076506 | 0.076750 | 0.076994 | 0.077238 | 0.077482 |
| Woodie | 0.072760 | 0.074505 | 0.075420 | 0.077165 | 0.078080 | 0.079825 | 0.080740 |
| Fibonacci | 0.074643 | 0.075660 | 0.076287 | 0.077303 | 0.078320 | 0.078947 | 0.079963 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.063590 | 0.068830 | 0.075300 | 0.080540 | 0.087010 | 0.092250 | 0.098720 |
| Camarilla | 0.078550 | 0.079623 | 0.080697 | 0.081770 | 0.082843 | 0.083917 | 0.084990 |
| Woodie | 0.064205 | 0.069138 | 0.075915 | 0.080848 | 0.087625 | 0.092558 | 0.099335 |
| Fibonacci | 0.068830 | 0.073303 | 0.076067 | 0.080540 | 0.085013 | 0.087777 | 0.092250 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.055123 | 0.060967 | 0.068093 | 0.073937 | 0.081063 | 0.086907 | 0.094033 |
| Camarilla | 0.071653 | 0.072842 | 0.074031 | 0.075220 | 0.076409 | 0.077598 | 0.078787 |
| Woodie | 0.055765 | 0.061288 | 0.068735 | 0.074258 | 0.081705 | 0.087228 | 0.094675 |
| Fibonacci | 0.060967 | 0.065921 | 0.068982 | 0.073937 | 0.078891 | 0.081952 | 0.086907 |
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): | 57.21 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 6.301968 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.077298 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.076799 | |
| Elder Ray (13): | 0.000379 | |
| Super Trend (3,10): | 0.076557 | |
| Zig ZAG (10): | 0.077710 | |
| VORTEX (21): | 1.0954 | |
| Stochastique (14,3,5): | 84.97 | |
| TEMA (21): | 0.077638 | |
| Williams %R (14): | -18.32 | |
| Chande Momentum Oscillator (20): | 0.001260 | |
| Repulse (5,40,3): | 0.0427 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 2.34 |
| MA7: | 0.079534 | |
| MA20: | 0.077345 | |
| MA50: | 0.071933 | |
| MA100: | 0.068653 | |
| MAexp7: | 0.077519 | |
| MAexp20: | 0.077263 | |
| MAexp50: | 0.077568 | |
| MAexp100: | 0.078171 | |
| Price / MA7: | -2.33% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +7.99% | |
| Price / MA100: | +13.15% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | -0.63% |
Quotes :
-
Real time data
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Cryptocompare
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