TRON - TRX/USDT - 1H - Technical analysis published on 10/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.159487 USDT
My targets
0.155731 USDT (-1.35%)
0.147571 USDT (-6.52%)
My analysis
The bearish trend is currently very strong for TRON - TRX/USDT. As long as the price remains below the resistance at 0.159487 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.155731 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.147571 USDT as an objective. Crossing it would then enable sellers to target 0.142868 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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This analysis was given by donger. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USDT price is 0.157864 USDT. On the day, this instrument lost -0.39% and was traded between 0.157708 USDT and 0.158707 USDT over the period. The price is currently at +0.10% from its lowest and -0.53% from its highest.0.157708
0.158707
0.157864
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRON - TRX/USDT:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TRON - TRX/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.142868 | 0.147571 | 0.157729 | 0.157864 | 0.159487 | 0.160507 | 0.161887 |
| Change (%) | -9.50% | -6.52% | -0.09% | - | +1.03% | +1.67% | +2.55% |
| Change | -0.014996 | -0.010293 | -0.000135 | - | +0.001623 | +0.002643 | +0.004023 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 0.156756 | 0.157505 | 0.157991 | 0.158740 | 0.159226 | 0.159975 | 0.160461 |
| Camarilla | 0.158138 | 0.158252 | 0.158365 | 0.158478 | 0.158591 | 0.158704 | 0.158818 |
| Woodie | 0.156626 | 0.157439 | 0.157861 | 0.158674 | 0.159096 | 0.159909 | 0.160331 |
| Fibonacci | 0.157505 | 0.157976 | 0.158268 | 0.158740 | 0.159211 | 0.159503 | 0.159975 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144822 | 0.148963 | 0.155731 | 0.159872 | 0.166640 | 0.170781 | 0.177549 |
| Camarilla | 0.159498 | 0.160498 | 0.161498 | 0.162498 | 0.163498 | 0.164498 | 0.165498 |
| Woodie | 0.146135 | 0.149620 | 0.157044 | 0.160529 | 0.167953 | 0.171438 | 0.178862 |
| Fibonacci | 0.148963 | 0.153131 | 0.155705 | 0.159872 | 0.164040 | 0.166614 | 0.170781 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.137912 | 0.142257 | 0.149110 | 0.153455 | 0.160308 | 0.164653 | 0.171506 |
| Camarilla | 0.152883 | 0.153909 | 0.154936 | 0.155962 | 0.156989 | 0.158015 | 0.159042 |
| Woodie | 0.139165 | 0.142884 | 0.150363 | 0.154082 | 0.161561 | 0.165280 | 0.172759 |
| Fibonacci | 0.142257 | 0.146535 | 0.149178 | 0.153455 | 0.157733 | 0.160376 | 0.164653 |
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): | 25.87 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -16.892769 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.157933 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.158535 | |
| Elder Ray (13): | -0.000452 | |
| Super Trend (3,10): | 0.158585 | |
| Zig ZAG (10): | 0.157714 | |
| VORTEX (21): | 0.8105 | |
| Stochastique (14,3,5): | 3.80 | |
| TEMA (21): | 0.157823 | |
| Williams %R (14): | -94.06 | |
| Chande Momentum Oscillator (20): | -0.000584 | |
| Repulse (5,40,3): | -0.1617 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0270 | |
| Courbe Coppock: | 1.14 |
| MA7: | 0.159681 | |
| MA20: | 0.158056 | |
| MA50: | 0.154379 | |
| MA100: | 0.146258 | |
| MAexp7: | 0.158019 | |
| MAexp20: | 0.158383 | |
| MAexp50: | 0.158869 | |
| MAexp100: | 0.159277 | |
| Price / MA7: | -1.14% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | +2.26% | |
| Price / MA100: | +7.94% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -0.89% |
Quotes :
-
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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