TRON - TRX/USDT - Daily - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 0.071497 USDT
My targets
0.082630 USDT (+6.34%)
0.087960 USDT (+13.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON - TRX/USDT as long as the price remains well above 0.071497 USDT. The buyers' bullish objective is set at 0.082630 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.087960 USDT. If there is any crossing, the next objective would be the resistance located at 0.123800 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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Additional analysis
Quotes
TRON - TRX/USDT rating 0.077700 USDT. On the day, this instrument gained +1.24% and was traded between 0.076140 USDT and 0.078050 USDT over the period. The price is currently at +2.05% from its lowest and -0.45% from its highest.0.076140
0.078050
0.077700
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this TRON - TRX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.059780 | 0.067690 | 0.071497 | 0.077700 | 0.078480 | 0.082630 | 0.087960 |
Change (%) | -23.06% | -12.88% | -7.98% | - | +1.00% | +6.34% | +13.20% |
Change | -0.017920 | -0.010010 | -0.006203 | - | +0.000780 | +0.004930 | +0.010260 |
Level | Minor | Intermediate | Major | - | Major | Intermediate | Minor |
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 | 0.073037 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 55.63 | |
MACD (12,26,9): | 0.0019 | |
Directional Movement: | 9.122513 | |
AROON (14): | 14.285714 | |
DEMA (21): | 0.079429 | |
Parabolic SAR (0,02-0,02-0,2): | 0.085780 | |
Elder Ray (13): | -0.000582 | |
Super Trend (3,10): | 0.074886 | |
Zig ZAG (10): | 0.077710 | |
VORTEX (21): | 1.1043 | |
Stochastique (14,3,5): | 29.72 | |
TEMA (21): | 0.079530 | |
Williams %R (14): | -69.00 | |
Chande Momentum Oscillator (20): | 0.000540 | |
Repulse (5,40,3): | -1.1693 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.4539 | |
Courbe Coppock: | 6.73 |
MA7: | 0.079534 | |
MA20: | 0.077345 | |
MA50: | 0.071933 | |
MA100: | 0.068653 | |
MAexp7: | 0.078136 | |
MAexp20: | 0.076726 | |
MAexp50: | 0.073180 | |
MAexp100: | 0.069810 | |
Price / MA7: | -2.31% | |
Price / MA20: | +0.46% | |
Price / MA50: | +8.02% | |
Price / MA100: | +13.18% | |
Price / MAexp7: | -0.56% | |
Price / MAexp20: | +1.27% | |
Price / MAexp50: | +6.18% | |
Price / MAexp100: | +11.30% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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