TRON (X100) - TRX/BTC - 1H - Technical analysis published on 11/12/2019 (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:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.000221 BTC
My targets
0.000234 BTC (+4.00%)
0.000289 BTC (+28.44%)
My analysis
The bullish trend is currently very strong on TRON (X100) - TRX/BTC. As long as the price remains above the support at 0.000221 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.000234 BTC. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.000289 BTC as an objective. Crossing it would then enable buyers to target 0.000344 BTC. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
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This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON (X100) - TRX/BTC price is 0.000225 BTC. The price has increased by +2.74% since the last closing and was between 0.000102 BTC and 0.000226 BTC. This implies that the price is at +120.59% from its lowest and at -0.44% from its highest.0.000102
0.000226
0.000225
Here is a more detailed summary of the historical variations registered by TRON (X100) - TRX/BTC:
Technical
Technical analysis of TRON (X100) - TRX/BTC in 1H shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.000214 | 0.000219 | 0.000221 | 0.000225 | 0.000234 | 0.000289 | 0.000344 |
Change (%) | -4.89% | -2.67% | -1.78% | - | +4.00% | +28.44% | +52.89% |
Change | -0.000011 | -0.000006 | -0.000004 | - | +0.000009 | +0.000064 | +0.000119 |
Level | Major | Intermediate | Intermediate | - | Minor | Minor | 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 | 0.000036 | 0.000073 | 0.000146 | 0.000183 | 0.000256 | 0.000293 | 0.000366 |
Camarilla | 0.000189 | 0.000199 | 0.000209 | 0.000219 | 0.000229 | 0.000239 | 0.000249 |
Woodie | 0.000054 | 0.000082 | 0.000164 | 0.000192 | 0.000274 | 0.000302 | 0.000384 |
Fibonacci | 0.000073 | 0.000115 | 0.000141 | 0.000183 | 0.000225 | 0.000251 | 0.000293 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.000185 | 0.000194 | 0.000204 | 0.000213 | 0.000223 | 0.000232 | 0.000242 |
Camarilla | 0.000210 | 0.000212 | 0.000213 | 0.000215 | 0.000217 | 0.000219 | 0.000220 |
Woodie | 0.000187 | 0.000194 | 0.000206 | 0.000213 | 0.000225 | 0.000232 | 0.000244 |
Fibonacci | 0.000194 | 0.000201 | 0.000205 | 0.000213 | 0.000220 | 0.000224 | 0.000232 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.000094 | 0.000131 | 0.000173 | 0.000210 | 0.000252 | 0.000289 | 0.000331 |
Camarilla | 0.000194 | 0.000202 | 0.000209 | 0.000216 | 0.000223 | 0.000231 | 0.000238 |
Woodie | 0.000098 | 0.000132 | 0.000177 | 0.000211 | 0.000256 | 0.000290 | 0.000335 |
Fibonacci | 0.000131 | 0.000161 | 0.000180 | 0.000210 | 0.000240 | 0.000259 | 0.000289 |
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): | 65.17 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | -45.275269 | |
AROON (14): | 14.285714 | |
DEMA (21): | 0.000221 | |
Parabolic SAR (0,02-0,02-0,2): | 0.000121 | |
Elder Ray (13): | 0.000003 | |
Super Trend (3,10): | 0.000214 | |
Zig ZAG (10): | 0.000223 | |
VORTEX (21): | 1.0342 | |
Stochastique (14,3,5): | 83.33 | |
TEMA (21): | 0.000221 | |
Williams %R (14): | -25.00 | |
Chande Momentum Oscillator (20): | 0.000003 | |
Repulse (5,40,3): | 1.9954 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0527 | |
Courbe Coppock: | 1.30 |
MA7: | 0.000216 | |
MA20: | 0.000213 | |
MA50: | 0.000195 | |
MA100: | 0.000180 | |
MAexp7: | 0.000221 | |
MAexp20: | 0.000219 | |
MAexp50: | 0.000218 | |
MAexp100: | 0.000216 | |
Price / MA7: | +4.17% | |
Price / MA20: | +5.63% | |
Price / MA50: | +15.38% | |
Price / MA100: | +25.00% | |
Price / MAexp7: | +1.81% | |
Price / MAexp20: | +2.74% | |
Price / MAexp50: | +3.21% | |
Price / MAexp100: | +4.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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