TRON - TRX/USDT - 1H - Technical analysis published on 07/25/2024 (GMT)
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- Timeframe : 1H
- - 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
39%
33%
28%
My opinion
Bullish above 0.134782 USDT
My targets
0.137195 USDT (+0.73%)
0.139476 USDT (+2.40%)
My analysis
The bullish trend is currently very strong on TRON - TRX/USDT. As long as the price remains above the support at 0.134782 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.137195 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.139476 USDT as an objective. Crossing it would then enable buyers to target 0.142868 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRON - TRX/USDT rating 0.136202 USDT. On the day, this instrument gained +1.40% and was traded between 0.133504 USDT and 0.136425 USDT over the period. The price is currently at +2.02% from its lowest and -0.16% from its highest.0.133504
0.136425
0.136202
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H 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 does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.134233 | 0.134782 | 0.135792 | 0.136202 | 0.136713 | 0.137195 | 0.139476 |
| Change (%) | -1.45% | -1.04% | -0.30% | - | +0.38% | +0.73% | +2.40% |
| Change | -0.001969 | -0.001420 | -0.000410 | - | +0.000511 | +0.000993 | +0.003274 |
| Level | Minor | Major | Minor | - | 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 | 0.132366 | 0.132953 | 0.133637 | 0.134224 | 0.134908 | 0.135495 | 0.136179 |
| Camarilla | 0.133971 | 0.134087 | 0.134204 | 0.134320 | 0.134437 | 0.134553 | 0.134670 |
| Woodie | 0.132414 | 0.132977 | 0.133685 | 0.134248 | 0.134956 | 0.135519 | 0.136227 |
| Fibonacci | 0.132953 | 0.133439 | 0.133739 | 0.134224 | 0.134710 | 0.135010 | 0.135495 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.124366 | 0.128601 | 0.131641 | 0.135876 | 0.138916 | 0.143151 | 0.146191 |
| Camarilla | 0.132679 | 0.133346 | 0.134013 | 0.134680 | 0.135347 | 0.136014 | 0.136681 |
| Woodie | 0.123768 | 0.128302 | 0.131043 | 0.135577 | 0.138318 | 0.142852 | 0.145593 |
| Fibonacci | 0.128601 | 0.131380 | 0.133097 | 0.135876 | 0.138655 | 0.140372 | 0.143151 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.101366 | 0.106650 | 0.115672 | 0.120956 | 0.129978 | 0.135262 | 0.144284 |
| Camarilla | 0.120759 | 0.122070 | 0.123382 | 0.124693 | 0.126004 | 0.127316 | 0.128627 |
| Woodie | 0.103234 | 0.107585 | 0.117540 | 0.121891 | 0.131846 | 0.136197 | 0.146152 |
| Fibonacci | 0.106650 | 0.112115 | 0.115491 | 0.120956 | 0.126421 | 0.129797 | 0.135262 |
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): | 55.17 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -0.839948 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.135751 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.136225 | |
| Elder Ray (13): | 0.000030 | |
| Super Trend (3,10): | 0.134486 | |
| Zig ZAG (10): | 0.135546 | |
| VORTEX (21): | 1.0962 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 0.135736 | |
| Williams %R (14): | -57.54 | |
| Chande Momentum Oscillator (20): | -0.000758 | |
| Repulse (5,40,3): | 0.1889 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0383 | |
| Courbe Coppock: | 0.58 |
| MA7: | 0.134296 | |
| MA20: | 0.133506 | |
| MA50: | 0.125341 | |
| MA100: | 0.121787 | |
| MAexp7: | 0.135547 | |
| MAexp20: | 0.135326 | |
| MAexp50: | 0.134790 | |
| MAexp100: | 0.134491 | |
| Price / MA7: | +1.42% | |
| Price / MA20: | +2.02% | |
| Price / MA50: | +8.67% | |
| Price / MA100: | +11.84% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +1.27% |
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.
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