TRON - TRX/USD - 1H - Technical analysis published on 09/18/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 0.147845 USD
My targets
0.151755 USD (+1.29%)
0.153044 USD (+2.15%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TRON - TRX/USD. As long as you are above the support located at 0.147845 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.151755 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.153044 USD as an objective. Crossing it would then enable buyers to target 0.154424 USD. If the support 0.147845 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish 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
0
10
1.6
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Additional analysis
Quotes
The TRON - TRX/USD price is 0.149829 USD. On the day, this instrument lost -0.08% and was traded between 0.149244 USD and 0.150573 USD over the period. The price is currently at +0.39% from its lowest and -0.49% from its highest.0.149244
0.150573
0.149829
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of TRON - TRX/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bearish signal.
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
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
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 | 0.146342 | 0.147845 | 0.149304 | 0.149829 | 0.150066 | 0.151755 | 0.153044 |
| Change (%) | -2.33% | -1.32% | -0.35% | - | +0.16% | +1.29% | +2.15% |
| Change | -0.003487 | -0.001984 | -0.000525 | - | +0.000237 | +0.001926 | +0.003215 |
| Level | Intermediate | Major | Minor | - | Minor | Major | 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 | 0.144919 | 0.146656 | 0.148299 | 0.150036 | 0.151679 | 0.153416 | 0.155059 |
| Camarilla | 0.149013 | 0.149322 | 0.149632 | 0.149942 | 0.150252 | 0.150562 | 0.150872 |
| Woodie | 0.144872 | 0.146633 | 0.148252 | 0.150013 | 0.151632 | 0.153393 | 0.155012 |
| Fibonacci | 0.146656 | 0.147947 | 0.148745 | 0.150036 | 0.151327 | 0.152125 | 0.153416 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.69 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 0.714821 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.150111 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.150669 | |
| Elder Ray (13): | 0.000107 | |
| Super Trend (3,10): | 0.147106 | |
| Zig ZAG (10): | 0.149838 | |
| VORTEX (21): | 1.0118 | |
| Stochastique (14,3,5): | 20.15 | |
| TEMA (21): | 0.149971 | |
| Williams %R (14): | -77.66 | |
| Chande Momentum Oscillator (20): | -0.000771 | |
| Repulse (5,40,3): | -0.5891 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0256 | |
| Courbe Coppock: | 0.31 |
| MA7: | 0.149368 | |
| MA20: | 0.151798 | |
| MA50: | 0.144081 | |
| MA100: | 0.135830 | |
| MAexp7: | 0.150052 | |
| MAexp20: | 0.149877 | |
| MAexp50: | 0.149495 | |
| MAexp100: | 0.149469 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | +3.99% | |
| Price / MA100: | +10.31% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.27% |
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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