TRON - TRX/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	TRXUSD
ISIN:

TRON - TRX/USD - 1H - Technical analysis published on 02/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.120111 USD

My targets

0.124049 USD (+1.07%)

My analysis

TRON - TRX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.120111 USD. The next resistance located at 0.124049 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TRON - TRX/USD rating 0.122738 USD. The price has increased by +1.39% since the last closing with the lowest point at 0.120922 USD and the highest point at 0.122756 USD. The deviation from the price is +1.50% for the low point and -0.01% for the high point.

0.120922

0.122756

0.122738

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.115776	0.117827	0.120111	0.122738	0.124049
Change (%)	-5.67%	-4.00%	-2.14%	-	+1.07%
Change	-0.006962	-0.004911	-0.002627	-	+0.001311
Level	Minor	Intermediate	Intermediate	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.108332	0.113378	0.117216	0.122262	0.126100	0.131146	0.134984
Camarilla	0.118610	0.119424	0.120239	0.121053	0.121867	0.122682	0.123496
Woodie	0.107727	0.113076	0.116611	0.121960	0.125495	0.130844	0.134379
Fibonacci	0.113378	0.116772	0.118869	0.122262	0.125656	0.127753	0.131146

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.102993	0.106321	0.111635	0.114963	0.120277	0.123605	0.128919
Camarilla	0.114572	0.115364	0.116156	0.116948	0.117740	0.118532	0.119325
Woodie	0.103985	0.106818	0.112627	0.115460	0.121269	0.124102	0.129911
Fibonacci	0.106321	0.109623	0.111662	0.114963	0.118265	0.120304	0.123605

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.086058	0.093450	0.102935	0.110327	0.119812	0.127204	0.136689
Camarilla	0.107779	0.109326	0.110873	0.112420	0.113967	0.115514	0.117061
Woodie	0.087105	0.093973	0.103982	0.110850	0.120859	0.127727	0.137736
Fibonacci	0.093450	0.099897	0.103880	0.110327	0.116774	0.120757	0.127204

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.03
MACD (12,26,9):	0.0005
Directional Movement:	13.119077
AROON (14):	50.000000
DEMA (21):	0.121914
Parabolic SAR (0,02-0,02-0,2):	0.123572
Elder Ray (13):	0.000333
Super Trend (3,10):	0.118699
Zig ZAG (10):	0.122419
VORTEX (21):	1.0458
Stochastique (14,3,5):	67.71
TEMA (21):	0.121856
Williams %R (14):	-20.36
Chande Momentum Oscillator (20):	0.001457
Repulse (5,40,3):	0.3595
ROCnROLL:	1
TRIX (15,9):	0.0684
Courbe Coppock:	0.24

MA7:	0.118531
MA20:	0.113698
MA50:	0.109311
MA100:	0.106028
MAexp7:	0.121573
MAexp20:	0.121235
MAexp50:	0.120233
MAexp100:	0.118953
Price / MA7:	+3.55%
Price / MA20:	+7.95%
Price / MA50:	+12.28%
Price / MA100:	+15.76%
Price / MAexp7:	+0.96%
Price / MAexp20:	+1.24%
Price / MAexp50:	+2.08%
Price / MAexp100:	+3.18%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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