TRUEFI - TRU/USD - 1H - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.210847 USD
My targets
0.218447 USD (+2.67%)
0.236279 USD (+11.05%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade TRUEFI - TRU/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.210847 USD. The buyers' bullish objective is set at 0.218447 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.236279 USD. If there is any crossing, the next objective would be the resistance located at 0.246200 USD. If there is a bearish break in the support located at 0.210847 USD some indecision would arise.
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
0
10
4.5
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Additional analysis
Quotes
The TRUEFI - TRU/USD rating is 0.212769 USD. The price registered an increase of +4.29% on the session with the lowest point at 0.188323 USD and the highest point at 0.214660 USD. The deviation from the price is +12.98% for the low point and -0.88% for the high point.0.188323
0.214660
0.212769
Here is a more detailed summary of the historical variations registered by TRUEFI - TRU/USD:
Technical
A technical analysis in 1H of this TRUEFI - TRU/USD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.181940 | 0.190154 | 0.210847 | 0.212769 | 0.218447 | 0.236279 | 0.246200 |
| Change (%) | -14.49% | -10.63% | -0.90% | - | +2.67% | +11.05% | +15.71% |
| Change | -0.030829 | -0.022615 | -0.001922 | - | +0.005678 | +0.023510 | +0.033431 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.140592 | 0.161266 | 0.182645 | 0.203319 | 0.224698 | 0.245372 | 0.266751 |
| Camarilla | 0.192459 | 0.196314 | 0.200169 | 0.204024 | 0.207879 | 0.211734 | 0.215589 |
| Woodie | 0.140945 | 0.161442 | 0.182998 | 0.203495 | 0.225051 | 0.245548 | 0.267104 |
| Fibonacci | 0.161266 | 0.177330 | 0.187255 | 0.203319 | 0.219383 | 0.229308 | 0.245372 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.123303 | 0.145808 | 0.173467 | 0.195972 | 0.223631 | 0.246136 | 0.273795 |
| Camarilla | 0.187330 | 0.191928 | 0.196527 | 0.201125 | 0.205723 | 0.210322 | 0.214920 |
| Woodie | 0.125879 | 0.147097 | 0.176043 | 0.197261 | 0.226207 | 0.247425 | 0.276371 |
| Fibonacci | 0.145808 | 0.164971 | 0.176810 | 0.195972 | 0.215135 | 0.226974 | 0.246136 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.043908 | 0.024956 | 0.098527 | 0.167391 | 0.240962 | 0.309826 | 0.383397 |
| Camarilla | 0.132928 | 0.145985 | 0.159042 | 0.172098 | 0.185155 | 0.198211 | 0.211268 |
| Woodie | -0.041555 | 0.026133 | 0.100881 | 0.168568 | 0.243316 | 0.311003 | 0.385751 |
| Fibonacci | 0.024956 | 0.079366 | 0.112981 | 0.167391 | 0.221801 | 0.255416 | 0.309826 |
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): | 57.89 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 5.597949 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.200591 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.191562 | |
| Elder Ray (13): | 0.005789 | |
| Super Trend (3,10): | 0.210993 | |
| Zig ZAG (10): | 0.209072 | |
| VORTEX (21): | 0.9082 | |
| Stochastique (14,3,5): | 78.10 | |
| TEMA (21): | 0.201144 | |
| Williams %R (14): | -9.97 | |
| Chande Momentum Oscillator (20): | 0.019991 | |
| Repulse (5,40,3): | 5.1995 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1002 | |
| Courbe Coppock: | 0.68 |
| MA7: | 0.207201 | |
| MA20: | 0.192343 | |
| MA50: | 0.145790 | |
| MA100: | 0.131103 | |
| MAexp7: | 0.202558 | |
| MAexp20: | 0.201241 | |
| MAexp50: | 0.203599 | |
| MAexp100: | 0.205700 | |
| Price / MA7: | +2.69% | |
| Price / MA20: | +10.62% | |
| Price / MA50: | +45.94% | |
| Price / MA100: | +62.29% | |
| Price / MAexp7: | +5.04% | |
| Price / MAexp20: | +5.73% | |
| Price / MAexp50: | +4.50% | |
| Price / MAexp100: | +3.44% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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