TRUEFI - TRU/USD - 1H - Technical analysis published on 07/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.137348 USD
My targets
0.141833 USD (+2.12%)
0.145921 USD (+5.06%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on TRUEFI - TRU/USD. This is a positive signal for buyers. As long as the price remains above 0.137348 USD, a purchase could be considered. The first bullish objective is located at 0.141833 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.145921 USD as an objective. Crossing it would then enable buyers to target 0.174996 USD. In the event of a return below 0.137348 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRUEFI - TRU/USD rating 0.138895 USD. On the day, this instrument lost -0.38% and was between 0.128202 USD and 0.140567 USD. This implies that the price is at +8.34% from its lowest and at -1.19% from its highest.0.128202
0.140567
0.138895
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this TRUEFI - TRU/USD chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.126300 | 0.133496 | 0.137348 | 0.138895 | 0.141833 | 0.145921 | 0.174996 |
| Change (%) | -9.07% | -3.89% | -1.11% | - | +2.12% | +5.06% | +25.99% |
| Change | -0.012595 | -0.005399 | -0.001547 | - | +0.002938 | +0.007026 | +0.036101 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 0.123073 | 0.126560 | 0.132991 | 0.136478 | 0.142909 | 0.146396 | 0.152827 |
| Camarilla | 0.136694 | 0.137603 | 0.138512 | 0.139421 | 0.140330 | 0.141239 | 0.142149 |
| Woodie | 0.124544 | 0.127296 | 0.134462 | 0.137214 | 0.144380 | 0.147132 | 0.154298 |
| Fibonacci | 0.126560 | 0.130349 | 0.132690 | 0.136478 | 0.140267 | 0.142608 | 0.146396 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.067487 | 0.083152 | 0.103224 | 0.118889 | 0.138961 | 0.154626 | 0.174698 |
| Camarilla | 0.113469 | 0.116745 | 0.120021 | 0.123297 | 0.126573 | 0.129849 | 0.133125 |
| Woodie | 0.069692 | 0.084254 | 0.105429 | 0.119991 | 0.141166 | 0.155728 | 0.176903 |
| Fibonacci | 0.083152 | 0.096803 | 0.105237 | 0.118889 | 0.132540 | 0.140974 | 0.154626 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.046881 | 0.035261 | 0.079735 | 0.161877 | 0.206351 | 0.288493 | 0.332967 |
| Camarilla | 0.089390 | 0.100996 | 0.112603 | 0.124209 | 0.135816 | 0.147422 | 0.159028 |
| Woodie | -0.065715 | 0.025844 | 0.060901 | 0.152460 | 0.187517 | 0.279076 | 0.314133 |
| Fibonacci | 0.035261 | 0.083628 | 0.113510 | 0.161877 | 0.210244 | 0.240126 | 0.288493 |
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): | 59.03 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 5.939184 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.136341 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.131590 | |
| Elder Ray (13): | 0.001898 | |
| Super Trend (3,10): | 0.138260 | |
| Zig ZAG (10): | 0.137980 | |
| VORTEX (21): | 1.0823 | |
| Stochastique (14,3,5): | 94.95 | |
| TEMA (21): | 0.137536 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.007679 | |
| Repulse (5,40,3): | 1.0774 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0384 | |
| Courbe Coppock: | 7.65 |
| MA7: | 0.135323 | |
| MA20: | 0.122729 | |
| MA50: | 0.151915 | |
| MA100: | 0.138059 | |
| MAexp7: | 0.136967 | |
| MAexp20: | 0.135429 | |
| MAexp50: | 0.135155 | |
| MAexp100: | 0.134665 | |
| Price / MA7: | +2.64% | |
| Price / MA20: | +13.17% | |
| Price / MA50: | -8.57% | |
| Price / MA100: | +0.61% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | +2.56% | |
| Price / MAexp50: | +2.77% | |
| Price / MAexp100: | +3.14% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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