TRON (X100) - TRX/BTC
TRON (X100) - TRX/BTC
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Type: Cryptocurrencies
Ticker: TRXBTC
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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

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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
8

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 vinod. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:

Central Indicators

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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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:

Central Patterns

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.0000360.0000730.0001460.0001830.0002560.0002930.000366
Camarilla0.0001890.0001990.0002090.0002190.0002290.0002390.000249
Woodie0.0000540.0000820.0001640.0001920.0002740.0003020.000384
Fibonacci0.0000730.0001150.0001410.0001830.0002250.0002510.000293


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0001850.0001940.0002040.0002130.0002230.0002320.000242
Camarilla0.0002100.0002120.0002130.0002150.0002170.0002190.000220
Woodie0.0001870.0001940.0002060.0002130.0002250.0002320.000244
Fibonacci0.0001940.0002010.0002050.0002130.0002200.0002240.000232


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0000940.0001310.0001730.0002100.0002520.0002890.000331
Camarilla0.0001940.0002020.0002090.0002160.0002230.0002310.000238
Woodie0.0000980.0001320.0001770.0002110.0002560.0002900.000335
Fibonacci0.0001310.0001610.0001800.0002100.0002400.0002590.000289

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.

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