TRON - TRX/USD - 1H - Technical analysis published on 09/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 0.151300 USD
My targets
0.146252 USD (-0.72%)
0.143274 USD (-2.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRON - TRX/USD as long as the price remains well below 0.151300 USD. The sellers' bearish objective is set at 0.146252 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.143274 USD. In case of crossing, the next objective would be the support located at 0.121454 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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 0.147316 USD. The price registered a decrease of -0.02% on the session and was between 0.146923 USD and 0.148128 USD. This implies that the price is at +0.27% from its lowest and at -0.55% from its highest.0.146923
0.148128
0.147316
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of TRON - TRX/USD in 1H shows a overall strongly bearish trend. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
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
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 | 0.121454 | 0.143274 | 0.146252 | 0.147316 | 0.147845 | 0.151300 | 0.152990 |
| Change (%) | -17.56% | -2.74% | -0.72% | - | +0.36% | +2.70% | +3.85% |
| Change | -0.025862 | -0.004042 | -0.001064 | - | +0.000529 | +0.003984 | +0.005674 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 0.142583 | 0.144463 | 0.145900 | 0.147780 | 0.149217 | 0.151097 | 0.152534 |
| Camarilla | 0.146426 | 0.146730 | 0.147034 | 0.147338 | 0.147642 | 0.147946 | 0.148250 |
| Woodie | 0.142363 | 0.144352 | 0.145680 | 0.147669 | 0.148997 | 0.150986 | 0.152314 |
| Fibonacci | 0.144463 | 0.145730 | 0.146513 | 0.147780 | 0.149047 | 0.149830 | 0.151097 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.134893 | 0.140617 | 0.143978 | 0.149702 | 0.153063 | 0.158787 | 0.162148 |
| Camarilla | 0.144840 | 0.145672 | 0.146505 | 0.147338 | 0.148171 | 0.149004 | 0.149836 |
| Woodie | 0.133711 | 0.140026 | 0.142796 | 0.149111 | 0.151881 | 0.158196 | 0.160966 |
| Fibonacci | 0.140617 | 0.144088 | 0.146232 | 0.149702 | 0.153173 | 0.155317 | 0.158787 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073966 | 0.095250 | 0.126414 | 0.147698 | 0.178862 | 0.200146 | 0.231310 |
| Camarilla | 0.143155 | 0.147963 | 0.152770 | 0.157578 | 0.162386 | 0.167194 | 0.172001 |
| Woodie | 0.078906 | 0.097720 | 0.131354 | 0.150168 | 0.183802 | 0.202616 | 0.236250 |
| Fibonacci | 0.095250 | 0.115285 | 0.127663 | 0.147698 | 0.167733 | 0.180111 | 0.200146 |
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): | 44.42 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -1.793377 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.146982 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.146742 | |
| Elder Ray (13): | -0.000068 | |
| Super Trend (3,10): | 0.150607 | |
| Zig ZAG (10): | 0.147312 | |
| VORTEX (21): | 0.9781 | |
| Stochastique (14,3,5): | 49.84 | |
| TEMA (21): | 0.147205 | |
| Williams %R (14): | -46.83 | |
| Chande Momentum Oscillator (20): | -0.000373 | |
| Repulse (5,40,3): | -0.3991 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0529 | |
| Courbe Coppock: | 0.77 |
| MA7: | 0.150836 | |
| MA20: | 0.153060 | |
| MA50: | 0.143262 | |
| MA100: | 0.134825 | |
| MAexp7: | 0.147362 | |
| MAexp20: | 0.147664 | |
| MAexp50: | 0.148802 | |
| MAexp100: | 0.150012 | |
| Price / MA7: | -2.33% | |
| Price / MA20: | -3.75% | |
| Price / MA50: | +2.83% | |
| Price / MA100: | +9.26% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -1.00% | |
| Price / MAexp100: | -1.80% |
Quotes :
-
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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