TRON - TRX/USD - Daily - Technical analysis published on 10/09/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.098133 USD
My targets
0.114084 USD (+10.05%)
0.120854 USD (+16.58%)
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 0.098133 USD. The next resistance located at 0.114084 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.120854 USD. After this resistance, buyers could then target 0.136532 USD. 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
0
10
8.6
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRON - TRX/USD rating 0.103663 USD. On the day, this instrument gained +6.19% with the lowest point at 0.097227 USD and the highest point at 0.105634 USD. The deviation from the price is +6.62% for the low point and -1.87% for the high point.0.097227
0.105634
0.103663
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Technical
Technical analysis of this Daily chart of TRON - TRX/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.062666 | 0.082848 | 0.101627 | 0.103663 | 0.120854 | 0.136532 | 0.164456 |
| Change (%) | -39.55% | -20.08% | -1.96% | - | +16.58% | +31.71% | +58.64% |
| Change | -0.040997 | -0.020815 | -0.002036 | - | +0.017191 | +0.032869 | +0.060793 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.090568 | 0.092854 | 0.095239 | 0.097525 | 0.099910 | 0.102196 | 0.104581 |
| Camarilla | 0.096339 | 0.096767 | 0.097195 | 0.097623 | 0.098051 | 0.098479 | 0.098908 |
| Woodie | 0.090617 | 0.092879 | 0.095288 | 0.097550 | 0.099959 | 0.102221 | 0.104630 |
| Fibonacci | 0.092854 | 0.094639 | 0.095741 | 0.097525 | 0.099310 | 0.100412 | 0.102196 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071495 | 0.077013 | 0.085224 | 0.090742 | 0.098953 | 0.104471 | 0.112682 |
| Camarilla | 0.089661 | 0.090919 | 0.092178 | 0.093436 | 0.094695 | 0.095953 | 0.097212 |
| Woodie | 0.072843 | 0.077686 | 0.086572 | 0.091415 | 0.100301 | 0.105144 | 0.114030 |
| Fibonacci | 0.077013 | 0.082257 | 0.085497 | 0.090742 | 0.095986 | 0.099226 | 0.104471 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032770 | 0.057476 | 0.073427 | 0.098133 | 0.114084 | 0.138790 | 0.154741 |
| Camarilla | 0.078197 | 0.081924 | 0.085651 | 0.089378 | 0.093105 | 0.096832 | 0.100559 |
| Woodie | 0.028393 | 0.055287 | 0.069050 | 0.095944 | 0.109707 | 0.136601 | 0.150364 |
| Fibonacci | 0.057476 | 0.073007 | 0.082602 | 0.098133 | 0.113664 | 0.123259 | 0.138790 |
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): | 58.95 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 4.245230 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.096015 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.084134 | |
| Elder Ray (13): | 0.005643 | |
| Super Trend (3,10): | 0.110426 | |
| Zig ZAG (10): | 0.103873 | |
| VORTEX (21): | 0.9547 | |
| Stochastique (14,3,5): | 85.84 | |
| TEMA (21): | 0.095483 | |
| Williams %R (14): | -8.07 | |
| Chande Momentum Oscillator (20): | 0.017722 | |
| Repulse (5,40,3): | 8.8088 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1160 | |
| Courbe Coppock: | 10.51 |
| MA7: | 0.096797 | |
| MA20: | 0.092880 | |
| MA50: | 0.095371 | |
| MA100: | 0.081475 | |
| MAexp7: | 0.097571 | |
| MAexp20: | 0.095406 | |
| MAexp50: | 0.092738 | |
| MAexp100: | 0.087763 | |
| Price / MA7: | +7.09% | |
| Price / MA20: | +11.61% | |
| Price / MA50: | +8.69% | |
| Price / MA100: | +27.23% | |
| Price / MAexp7: | +6.24% | |
| Price / MAexp20: | +8.65% | |
| Price / MAexp50: | +11.78% | |
| Price / MAexp100: | +18.12% |
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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