TRON - TRX/USDT - 15 min. - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.113396 USDT
My targets
0.115477 USDT (+0.37%)
0.116477 USDT (+1.24%)
My analysis
The bullish trend is currently very strong on TRON - TRX/USDT. As long as the price remains above the support at 0.113396 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.115477 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.116477 USDT as an objective. Crossing it would then enable buyers to target 0.123800 USDT. 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
0
10
8.4
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USDT price is 0.115049 USDT. On the day, this instrument gained +2.48% and was traded between 0.111777 USDT and 0.115210 USDT over the period. The price is currently at +2.93% from its lowest and -0.14% from its highest.0.111777
0.115210
0.115049
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TRON - TRX/USDT in 15 min. shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.111538 | 0.112643 | 0.114283 | 0.115049 | 0.115198 | 0.116477 | 0.123800 |
| Change (%) | -3.05% | -2.09% | -0.67% | - | +0.13% | +1.24% | +7.61% |
| Change | -0.003511 | -0.002406 | -0.000766 | - | +0.000149 | +0.001428 | +0.008751 |
| Level | Major | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.109234 | 0.110367 | 0.111315 | 0.112448 | 0.113396 | 0.114529 | 0.115477 |
| Camarilla | 0.111690 | 0.111881 | 0.112071 | 0.112262 | 0.112453 | 0.112644 | 0.112834 |
| Woodie | 0.109141 | 0.110321 | 0.111222 | 0.112402 | 0.113303 | 0.114483 | 0.115384 |
| Fibonacci | 0.110367 | 0.111162 | 0.111653 | 0.112448 | 0.113243 | 0.113734 | 0.114529 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.096556 | 0.101347 | 0.106894 | 0.111685 | 0.117232 | 0.122023 | 0.127570 |
| Camarilla | 0.109597 | 0.110545 | 0.111492 | 0.112440 | 0.113388 | 0.114335 | 0.115283 |
| Woodie | 0.096933 | 0.101536 | 0.107271 | 0.111874 | 0.117609 | 0.122212 | 0.127947 |
| Fibonacci | 0.101347 | 0.105296 | 0.107736 | 0.111685 | 0.115634 | 0.118074 | 0.122023 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086536 | 0.093839 | 0.103051 | 0.110354 | 0.119566 | 0.126869 | 0.136081 |
| Camarilla | 0.107720 | 0.109234 | 0.110748 | 0.112262 | 0.113776 | 0.115290 | 0.116804 |
| Woodie | 0.087490 | 0.094316 | 0.104005 | 0.110831 | 0.120520 | 0.127346 | 0.137035 |
| Fibonacci | 0.093839 | 0.100148 | 0.104046 | 0.110354 | 0.116663 | 0.120561 | 0.126869 |
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): | 74.09 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 31.922531 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.114949 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.114758 | |
| Elder Ray (13): | 0.000338 | |
| Super Trend (3,10): | 0.114189 | |
| Zig ZAG (10): | 0.114939 | |
| VORTEX (21): | 1.2466 | |
| Stochastique (14,3,5): | 84.53 | |
| TEMA (21): | 0.115110 | |
| Williams %R (14): | -1.95 | |
| Chande Momentum Oscillator (20): | 0.000888 | |
| Repulse (5,40,3): | 0.2895 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0542 | |
| Courbe Coppock: | 1.98 |
| MA7: | 0.113075 | |
| MA20: | 0.110859 | |
| MA50: | 0.107230 | |
| MA100: | 0.104474 | |
| MAexp7: | 0.114841 | |
| MAexp20: | 0.114375 | |
| MAexp50: | 0.113742 | |
| MAexp100: | 0.113287 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | +3.78% | |
| Price / MA50: | +7.29% | |
| Price / MA100: | +10.12% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | +1.56% |
Quotes :
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Real time data
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