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

TRON - TRX/USDT - Daily - Technical analysis published on 06/08/2023 (GMT)

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  • Timeframe : Daily
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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

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:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.0730370.0746430.0756970.0773030.0783570.0799630.081017
Camarilla0.0760190.0762620.0765060.0767500.0769940.0772380.077482
Woodie0.0727600.0745050.0754200.0771650.0780800.0798250.080740
Fibonacci0.0746430.0756600.0762870.0773030.0783200.0789470.079963


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0635900.0688300.0753000.0805400.0870100.0922500.098720
Camarilla0.0785500.0796230.0806970.0817700.0828430.0839170.084990
Woodie0.0642050.0691380.0759150.0808480.0876250.0925580.099335
Fibonacci0.0688300.0733030.0760670.0805400.0850130.0877770.092250


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0551230.0609670.0680930.0739370.0810630.0869070.094033
Camarilla0.0716530.0728420.0740310.0752200.0764090.0775980.078787
Woodie0.0557650.0612880.0687350.0742580.0817050.0872280.094675
Fibonacci0.0609670.0659210.0689820.0739370.0788910.0819520.086907

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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