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 03/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

56%

My opinion

Bullish above 0.121069 USD

My targets

0.124049 USD (+1.25%)

0.132574 USD (+8.21%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON - TRX/USD as long as the price remains well above 0.121069 USD. The buyers' bullish objective is set at 0.124049 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.132574 USD. If there is any crossing, the next objective would be the resistance located at 0.143274 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

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 0.122517 USD. On the day, this instrument lost -0.05% with the lowest point at 0.121634 USD and the highest point at 0.123334 USD. The deviation from the price is +0.73% for the low point and -0.66% for the high point.

0.121634

0.123334

0.122517

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

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

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.119921	0.121069	0.121846	0.122517	0.122904	0.124049	0.143274
Change (%)	-2.12%	-1.18%	-0.55%	-	+0.32%	+1.25%	+16.94%
Change	-0.002596	-0.001448	-0.000671	-	+0.000387	+0.001532	+0.020757
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	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	0.115986	0.117704	0.120141	0.121859	0.124296	0.126014	0.128451
Camarilla	0.121436	0.121817	0.122198	0.122579	0.122960	0.123341	0.123722
Woodie	0.116347	0.117884	0.120502	0.122039	0.124657	0.126194	0.128812
Fibonacci	0.117704	0.119291	0.120272	0.121859	0.123446	0.124427	0.126014

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.110833	0.113581	0.118080	0.120828	0.125327	0.128075	0.132574
Camarilla	0.120586	0.121250	0.121915	0.122579	0.123243	0.123908	0.124572
Woodie	0.111709	0.114019	0.118956	0.121266	0.126203	0.128513	0.133450
Fibonacci	0.113581	0.116349	0.118060	0.120828	0.123596	0.125307	0.128075

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.105552	0.114423	0.127577	0.136448	0.149602	0.158473	0.171627
Camarilla	0.134673	0.136692	0.138711	0.140730	0.142749	0.144768	0.146787
Woodie	0.107693	0.115494	0.129718	0.137519	0.151743	0.159544	0.173768
Fibonacci	0.114423	0.122837	0.128035	0.136448	0.144862	0.150060	0.158473

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):	49.46
MACD (12,26,9):	0.0005
Directional Movement:	8.125443
AROON (14):	50.000000
DEMA (21):	0.122727
Parabolic SAR (0,02-0,02-0,2):	0.123538
Elder Ray (13):	-0.000260
Super Trend (3,10):	0.119198
Zig ZAG (10):	0.122304
VORTEX (21):	1.0614
Stochastique (14,3,5):	66.37
TEMA (21):	0.122870
Williams %R (14):	-45.94
Chande Momentum Oscillator (20):	0.000671
Repulse (5,40,3):	0.5912
ROCnROLL:	-1
TRIX (15,9):	0.0655
Courbe Coppock:	2.20

MA7:	0.120818
MA20:	0.122519
MA50:	0.130815
MA100:	0.120660
MAexp7:	0.122473
MAexp20:	0.122013
MAexp50:	0.121279
MAexp100:	0.120811
Price / MA7:	+1.41%
Price / MA20:	+0.00%
Price / MA50:	-6.34%
Price / MA100:	+1.54%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.41%
Price / MAexp50:	+1.02%
Price / MAexp100:	+1.41%

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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Londinia AI

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