TRON - TRX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	TRXUSDT
ISIN:

TRON - TRX/USDT - Weekly - Technical analysis published on 11/04/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.085080 USDT

My targets

0.123800 USDT (+26.67%)

0.164100 USDT (+67.91%)

My analysis

The bullish trend is currently very strong on TRON - TRX/USDT. As long as the price remains above the support at 0.085080 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.123800 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.164100 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.9

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TRON - TRX/USDT price is 0.097732 USDT. The price registered an increase of +3.00% over 5 days and was traded between 0.095535 USDT and 0.101133 USDT over the period. The price is currently at +2.30% from its lowest point and -3.36% from its highest point.

0.095535

0.101133

0.097732

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on TRON - TRX/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Weekly of this TRON - TRX/USDT chart shows a strongly bullish trend. 92.86% 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.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.055265	0.072310	0.085080	0.097732	0.123800	0.164100
Change (%)	-43.45%	-26.01%	-12.95%	-	+26.67%	+67.91%
Change	-0.042467	-0.025422	-0.012652	-	+0.026068	+0.066368
Level	Intermediate	Minor	Major	-	Intermediate	Minor

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	0.094290	0.095673	0.096446	0.097829	0.098602	0.099985	0.100758
Camarilla	0.096625	0.096823	0.097020	0.097218	0.097416	0.097613	0.097811
Woodie	0.093984	0.095521	0.096140	0.097677	0.098296	0.099833	0.100452
Fibonacci	0.095673	0.096497	0.097006	0.097829	0.098653	0.099162	0.099985

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.086148	0.087925	0.091129	0.092906	0.096110	0.097887	0.101091
Camarilla	0.092963	0.093420	0.093876	0.094333	0.094790	0.095246	0.095703
Woodie	0.086862	0.088282	0.091843	0.093263	0.096824	0.098244	0.101805
Fibonacci	0.087925	0.089828	0.091003	0.092906	0.094809	0.095984	0.097887

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.076478	0.080617	0.088884	0.093023	0.101290	0.105429	0.113696
Camarilla	0.093738	0.094876	0.096013	0.097150	0.098287	0.099424	0.100562
Woodie	0.078541	0.081649	0.090947	0.094055	0.103353	0.106461	0.115759
Fibonacci	0.080617	0.085356	0.088284	0.093023	0.097762	0.100690	0.105429

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):	74.07
MACD (12,26,9):	0.0059
Directional Movement:	29.678474
AROON (14):	78.571429
DEMA (21):	0.090796
Parabolic SAR (0,02-0,02-0,2):	0.072745
Elder Ray (13):	0.010893
Super Trend (3,10):	0.081063
Zig ZAG (10):	0.097552
VORTEX (21):	1.2621
Stochastique (14,3,5):	89.70
TEMA (21):	0.093517
Williams %R (14):	-12.19
Chande Momentum Oscillator (20):	0.020441
Repulse (5,40,3):	9.1817
ROCnROLL:	1
TRIX (15,9):	0.9141
Courbe Coppock:	31.64

MA7:	0.097394
MA20:	0.093487
MA50:	0.089030
MA100:	0.083350
MAexp7:	0.090599
MAexp20:	0.083477
MAexp50:	0.076089
MAexp100:	0.070835
Price / MA7:	+0.35%
Price / MA20:	+4.54%
Price / MA50:	+9.77%
Price / MA100:	+17.25%
Price / MAexp7:	+7.87%
Price / MAexp20:	+17.08%
Price / MAexp50:	+28.44%
Price / MAexp100:	+37.97%

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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