TRON - TRX/USDT - Daily - Technical analysis published on 11/12/2019 (GMT)
- Who voted?
- 136
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 0.018078 USDT
My targets
0.021929 USDT (+12.80%)
0.026505 USDT (+36.34%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on TRON - TRX/USDT. This is a positive signal for buyers. As long as the price remains above 0.018078 USDT, a purchase could be considered. The first bullish objective is located at 0.021929 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.026505 USDT as an objective. Crossing it would then enable buyers to target 0.031094 USDT. In the event of a return below 0.018078 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRON - TRX/USDT rating 0.019440 USDT. On the day, this instrument gained +1.83% and was traded between 0.018980 USDT and 0.019800 USDT over the period. The price is currently at +2.42% from its lowest and -1.82% from its highest.0.018980
0.019800
0.019440
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of TRON - TRX/USDT in Daily shows an overall bullish trend. The signals returned by the moving averages are 75% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 0.012123 | 0.014283 | 0.018078 | 0.019440 | 0.021929 | 0.026505 | 0.031094 |
| Change (%) | -37.64% | -26.53% | -7.01% | - | +12.80% | +36.34% | +59.95% |
| Change | -0.007317 | -0.005157 | -0.001362 | - | +0.002489 | +0.007065 | +0.011654 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018030 | 0.018350 | 0.018720 | 0.019040 | 0.019410 | 0.019730 | 0.020100 |
| Camarilla | 0.018900 | 0.018964 | 0.019027 | 0.019090 | 0.019153 | 0.019217 | 0.019280 |
| Woodie | 0.018055 | 0.018363 | 0.018745 | 0.019053 | 0.019435 | 0.019743 | 0.020125 |
| Fibonacci | 0.018350 | 0.018614 | 0.018776 | 0.019040 | 0.019304 | 0.019466 | 0.019730 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015773 | 0.017087 | 0.018023 | 0.019337 | 0.020273 | 0.021587 | 0.022523 |
| Camarilla | 0.018341 | 0.018548 | 0.018754 | 0.018960 | 0.019166 | 0.019373 | 0.019579 |
| Woodie | 0.015585 | 0.016993 | 0.017835 | 0.019243 | 0.020085 | 0.021493 | 0.022335 |
| Fibonacci | 0.017087 | 0.017946 | 0.018477 | 0.019337 | 0.020196 | 0.020727 | 0.021587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005437 | 0.009563 | 0.014657 | 0.018783 | 0.023877 | 0.028003 | 0.033097 |
| Camarilla | 0.017215 | 0.018060 | 0.018905 | 0.019750 | 0.020595 | 0.021440 | 0.022286 |
| Woodie | 0.005920 | 0.009805 | 0.015140 | 0.019025 | 0.024360 | 0.028245 | 0.033580 |
| Fibonacci | 0.009563 | 0.013085 | 0.015261 | 0.018783 | 0.022305 | 0.024481 | 0.028003 |
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): | 56.63 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 9.423039 | |
| AROON (14): | -64.285717 | |
| DEMA (21): | 0.019881 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021944 | |
| Elder Ray (13): | 0.000200 | |
| Super Trend (3,10): | 0.016173 | |
| Zig ZAG (10): | 0.019450 | |
| VORTEX (21): | 1.1174 | |
| Stochastique (14,3,5): | 19.81 | |
| TEMA (21): | 0.019974 | |
| Williams %R (14): | -76.94 | |
| Chande Momentum Oscillator (20): | -0.000310 | |
| Repulse (5,40,3): | 1.4850 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8083 | |
| Courbe Coppock: | 9.18 |
| MA7: | 0.019319 | |
| MA20: | 0.019202 | |
| MA50: | 0.016646 | |
| MA100: | 0.016971 | |
| MAexp7: | 0.019312 | |
| MAexp20: | 0.018821 | |
| MAexp50: | 0.017829 | |
| MAexp100: | 0.018594 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | +16.78% | |
| Price / MA100: | +14.55% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +3.29% | |
| Price / MAexp50: | +9.04% | |
| Price / MAexp100: | +4.55% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis TRON - TRX/USDT - Daily