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 06/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

56%

My opinion

Bearish under 0.117165 USD

My targets

0.113439 USD (-1.41%)

0.112231 USD (-2.46%)

My analysis

The bearish trend is currently very strong for TRON - TRX/USD. As long as the price remains below the resistance at 0.117165 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.113439 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.112231 USD as an objective. Crossing it would then enable sellers to target 0.110761 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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

The TRON - TRX/USD price is 0.115060 USD. On the day, this instrument lost -0.10% and was between 0.114392 USD and 0.115874 USD. This implies that the price is at +0.58% from its lowest and at -0.70% from its highest.

0.114392

0.115874

0.115060

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

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:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

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:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.110761	0.112231	0.113439	0.115060	0.115670	0.117165	0.118121
Change (%)	-3.74%	-2.46%	-1.41%	-	+0.53%	+1.83%	+2.66%
Change	-0.004299	-0.002829	-0.001621	-	+0.000610	+0.002105	+0.003061
Level	Minor	Minor	Minor	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.111073	0.112706	0.113938	0.115571	0.116803	0.118436	0.119668
Camarilla	0.114381	0.114644	0.114906	0.115169	0.115432	0.115694	0.115957
Woodie	0.110872	0.112606	0.113737	0.115471	0.116602	0.118336	0.119467
Fibonacci	0.112706	0.113801	0.114477	0.115571	0.116666	0.117342	0.118436

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.107722	0.110574	0.112872	0.115724	0.118022	0.120874	0.123172
Camarilla	0.113753	0.114225	0.114697	0.115169	0.115641	0.116113	0.116585
Woodie	0.107444	0.110436	0.112594	0.115586	0.117744	0.120736	0.122894
Fibonacci	0.110574	0.112542	0.113757	0.115724	0.117692	0.118907	0.120874

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.086611	0.098177	0.105108	0.116674	0.123605	0.135171	0.142102
Camarilla	0.106952	0.108648	0.110343	0.112039	0.113735	0.115430	0.117126
Woodie	0.084294	0.097018	0.102791	0.115515	0.121288	0.134012	0.139785
Fibonacci	0.098177	0.105243	0.109608	0.116674	0.123740	0.128105	0.135171

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):	50.90
MACD (12,26,9):	-0.0001
Directional Movement:	-2.204237
AROON (14):	14.285715
DEMA (21):	0.115239
Parabolic SAR (0,02-0,02-0,2):	0.114882
Elder Ray (13):	-0.000094
Super Trend (3,10):	0.114292
Zig ZAG (10):	0.115673
VORTEX (21):	0.8994
Stochastique (14,3,5):	64.01
TEMA (21):	0.115470
Williams %R (14):	-22.23
Chande Momentum Oscillator (20):	0.001120
Repulse (5,40,3):	0.5603
ROCnROLL:	-1
TRIX (15,9):	-0.0192
Courbe Coppock:	0.60

MA7:	0.116537
MA20:	0.114731
MA50:	0.118922
MA100:	0.119277
MAexp7:	0.115498
MAexp20:	0.115442
MAexp50:	0.115787
MAexp100:	0.116059
Price / MA7:	-1.27%
Price / MA20:	+0.29%
Price / MA50:	-3.25%
Price / MA100:	-3.54%
Price / MAexp7:	-0.38%
Price / MAexp20:	-0.33%
Price / MAexp50:	-0.63%
Price / MAexp100:	-0.86%

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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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…