TRON - TRX/USDT - 1H - Technical analysis published on 12/06/2019 (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
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.014255 USDT
My targets
0.014670 USDT (+0.69%)
0.015158 USDT (+4.04%)
My analysis
The strong short-term increase in TRON - TRX/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.014255 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.014670 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.015158 USDT as an objective. Crossing it would then enable buyers to target 0.015523 USDT. Caution, a return under 0.014255 USDT could jeopardize the reversal.
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
3.2
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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 0.014570 USDT. On the day, this instrument gained +0.55% and was traded between 0.014330 USDT and 0.014590 USDT over the period. The price is currently at +1.67% from its lowest and -0.14% from its highest.0.014330
0.014590
0.014570
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of TRON - TRX/USDT in 1H shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 | 0.012123 | 0.014040 | 0.014255 | 0.014570 | 0.014670 | 0.015158 | 0.015523 |
| Change (%) | -16.79% | -3.64% | -2.16% | - | +0.69% | +4.04% | +6.54% |
| Change | -0.002447 | -0.000530 | -0.000315 | - | +0.000100 | +0.000588 | +0.000953 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Intermediate |
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 | 0.013717 | 0.013943 | 0.014217 | 0.014443 | 0.014717 | 0.014943 | 0.015217 |
| Camarilla | 0.014353 | 0.014398 | 0.014444 | 0.014490 | 0.014536 | 0.014582 | 0.014628 |
| Woodie | 0.013740 | 0.013955 | 0.014240 | 0.014455 | 0.014740 | 0.014955 | 0.015240 |
| Fibonacci | 0.013943 | 0.014134 | 0.014252 | 0.014443 | 0.014634 | 0.014752 | 0.014943 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010150 | 0.011570 | 0.013530 | 0.014950 | 0.016910 | 0.018330 | 0.020290 |
| Camarilla | 0.014561 | 0.014870 | 0.015180 | 0.015490 | 0.015800 | 0.016110 | 0.016420 |
| Woodie | 0.010420 | 0.011705 | 0.013800 | 0.015085 | 0.017180 | 0.018465 | 0.020560 |
| Fibonacci | 0.011570 | 0.012861 | 0.013659 | 0.014950 | 0.016241 | 0.017039 | 0.018330 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004443 | 0.008717 | 0.012103 | 0.016377 | 0.019763 | 0.024037 | 0.027423 |
| Camarilla | 0.013384 | 0.014086 | 0.014788 | 0.015490 | 0.016192 | 0.016894 | 0.017597 |
| Woodie | 0.004000 | 0.008495 | 0.011660 | 0.016155 | 0.019320 | 0.023815 | 0.026980 |
| Fibonacci | 0.008717 | 0.011643 | 0.013451 | 0.016377 | 0.019303 | 0.021111 | 0.024037 |
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): | 53.75 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.278002 | |
| AROON (14): | 85.714287 | |
| DEMA (21): | 0.014498 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.014380 | |
| Elder Ray (13): | 0.000040 | |
| Super Trend (3,10): | 0.014703 | |
| Zig ZAG (10): | 0.014540 | |
| VORTEX (21): | 1.0620 | |
| Stochastique (14,3,5): | 80.62 | |
| TEMA (21): | 0.014544 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 0.000150 | |
| Repulse (5,40,3): | 0.1616 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0140 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.015020 | |
| MA20: | 0.015523 | |
| MA50: | 0.017257 | |
| MA100: | 0.016332 | |
| MAexp7: | 0.014519 | |
| MAexp20: | 0.014479 | |
| MAexp50: | 0.014522 | |
| MAexp100: | 0.014717 | |
| Price / MA7: | -3.00% | |
| Price / MA20: | -6.14% | |
| Price / MA50: | -15.57% | |
| Price / MA100: | -10.79% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | -1.00% |
This member declared not having a position on this financial instrument or a related financial instrument.
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