TRUEFI - TRU/USDT - 1H - Technical analysis published on 05/10/2023 (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:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.047090 USDT
My targets
0.049657 USDT (+3.65%)
0.052658 USDT (+9.91%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for TRUEFI - TRU/USDT as long as the price remains well above 0.047090 USDT. The buyers' bullish objective is set at 0.049657 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.052658 USDT. If there is any crossing, the next objective would be the resistance located at 0.056410 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.049657 USDT. On this resistance, against the trend traders who would like to go short on TRUEFI - TRU/USDT with a bearish signal from their trading strategy, should not hesitate to act.
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
3.2
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Additional analysis
Quotes
TRUEFI - TRU/USDT rating 0.047910 USDT. The price has increased by +4.20% since the last closing and was traded between 0.043810 USDT and 0.048390 USDT over the period. The price is currently at +9.36% from its lowest and -0.99% from its highest.0.043810
0.048390
0.047910
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRUEFI - TRU/USDT:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TRUEFI - TRU/USDT in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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:
Moving Average bullish crossovers : AMA20 & AMA50
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. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.041301 | 0.044340 | 0.047090 | 0.047910 | 0.052658 | 0.056410 | 0.060112 |
| Change (%) | -13.79% | -7.45% | -1.71% | - | +9.91% | +17.74% | +25.47% |
| Change | -0.006609 | -0.003570 | -0.000820 | - | +0.004748 | +0.008500 | +0.012202 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042603 | 0.043847 | 0.044913 | 0.046157 | 0.047223 | 0.048467 | 0.049533 |
| Camarilla | 0.045345 | 0.045557 | 0.045768 | 0.045980 | 0.046192 | 0.046404 | 0.046615 |
| Woodie | 0.042515 | 0.043803 | 0.044825 | 0.046113 | 0.047135 | 0.048423 | 0.049445 |
| Fibonacci | 0.043847 | 0.044729 | 0.045274 | 0.046157 | 0.047039 | 0.047584 | 0.048467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039097 | 0.046003 | 0.049657 | 0.056563 | 0.060217 | 0.067123 | 0.070777 |
| Camarilla | 0.050406 | 0.051374 | 0.052342 | 0.053310 | 0.054278 | 0.055246 | 0.056214 |
| Woodie | 0.037470 | 0.045190 | 0.048030 | 0.055750 | 0.058590 | 0.066310 | 0.069150 |
| Fibonacci | 0.046003 | 0.050037 | 0.052529 | 0.056563 | 0.060597 | 0.063089 | 0.067123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025980 | 0.041200 | 0.051060 | 0.066280 | 0.076140 | 0.091360 | 0.101220 |
| Camarilla | 0.054023 | 0.056322 | 0.058621 | 0.060920 | 0.063219 | 0.065518 | 0.067817 |
| Woodie | 0.023300 | 0.039860 | 0.048380 | 0.064940 | 0.073460 | 0.090020 | 0.098540 |
| Fibonacci | 0.041200 | 0.050781 | 0.056699 | 0.066280 | 0.075861 | 0.081779 | 0.091360 |
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): | 71.56 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 23.016710 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.045854 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.044449 | |
| Elder Ray (13): | 0.002105 | |
| Super Trend (3,10): | 0.045699 | |
| Zig ZAG (10): | 0.048300 | |
| VORTEX (21): | 1.1292 | |
| Stochastique (14,3,5): | 94.90 | |
| TEMA (21): | 0.046641 | |
| Williams %R (14): | -2.18 | |
| Chande Momentum Oscillator (20): | 0.003990 | |
| Repulse (5,40,3): | 5.1074 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0923 | |
| Courbe Coppock: | 4.16 |
| MA7: | 0.052367 | |
| MA20: | 0.058287 | |
| MA50: | 0.068981 | |
| MA100: | 0.070105 | |
| MAexp7: | 0.046644 | |
| MAexp20: | 0.045810 | |
| MAexp50: | 0.046641 | |
| MAexp100: | 0.049103 | |
| Price / MA7: | -8.51% | |
| Price / MA20: | -17.80% | |
| Price / MA50: | -30.55% | |
| Price / MA100: | -31.66% | |
| Price / MAexp7: | +2.71% | |
| Price / MAexp20: | +4.58% | |
| Price / MAexp50: | +2.72% | |
| Price / MAexp100: | -2.43% |
Quotes :
-
Real time data
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Cryptocompare
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