TRON - TRX/USD - 1H - Technical analysis published on 11/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 0.163951 USD
My targets
0.169700 USD (+1.53%)
0.172950 USD (+3.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON - TRX/USD as long as the price remains well above 0.163951 USD. The buyers' bullish objective is set at 0.169700 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.172950 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USD rating is 0.167135 USD. The price registered a decrease of -0.32% on the session and was between 0.165948 USD and 0.169454 USD. This implies that the price is at +0.72% from its lowest and at -1.37% from its highest.0.165948
0.169454
0.167135
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of TRON - TRX/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.162697 | 0.163951 | 0.166404 | 0.167135 |
| Change (%) | -2.66% | -1.91% | -0.44% | - |
| Change | -0.004438 | -0.003184 | -0.000731 | - |
| Level | Minor | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.158495 | 0.160873 | 0.164274 | 0.166652 | 0.170053 | 0.172431 | 0.175832 |
| Camarilla | 0.166087 | 0.166617 | 0.167146 | 0.167676 | 0.168206 | 0.168736 | 0.169265 |
| Woodie | 0.159008 | 0.161129 | 0.164787 | 0.166908 | 0.170566 | 0.172687 | 0.176345 |
| Fibonacci | 0.160873 | 0.163080 | 0.164444 | 0.166652 | 0.168859 | 0.170223 | 0.172431 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.151536 | 0.155424 | 0.158674 | 0.162562 | 0.165812 | 0.169700 | 0.172950 |
| Camarilla | 0.159962 | 0.160616 | 0.161271 | 0.161925 | 0.162579 | 0.163234 | 0.163888 |
| Woodie | 0.151218 | 0.155265 | 0.158356 | 0.162403 | 0.165494 | 0.169541 | 0.172632 |
| Fibonacci | 0.155424 | 0.158150 | 0.159835 | 0.162562 | 0.165288 | 0.166973 | 0.169700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130920 | 0.141668 | 0.155083 | 0.165831 | 0.179246 | 0.189994 | 0.203409 |
| Camarilla | 0.161852 | 0.164067 | 0.166282 | 0.168497 | 0.170712 | 0.172927 | 0.175142 |
| Woodie | 0.132253 | 0.142335 | 0.156416 | 0.166498 | 0.180579 | 0.190661 | 0.204742 |
| Fibonacci | 0.141668 | 0.150899 | 0.156601 | 0.165831 | 0.175062 | 0.180764 | 0.189994 |
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): | 61.20 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 4.373146 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.167935 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.166159 | |
| Elder Ray (13): | 0.000191 | |
| Super Trend (3,10): | 0.162211 | |
| Zig ZAG (10): | 0.167490 | |
| VORTEX (21): | 1.0710 | |
| Stochastique (14,3,5): | 61.62 | |
| TEMA (21): | 0.168127 | |
| Williams %R (14): | -34.87 | |
| Chande Momentum Oscillator (20): | 0.000873 | |
| Repulse (5,40,3): | -0.5006 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0669 | |
| Courbe Coppock: | 2.69 |
| MA7: | 0.163477 | |
| MA20: | 0.164516 | |
| MA50: | 0.160083 | |
| MA100: | 0.153341 | |
| MAexp7: | 0.167616 | |
| MAexp20: | 0.166819 | |
| MAexp50: | 0.165478 | |
| MAexp100: | 0.164291 | |
| Price / MA7: | +2.24% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +4.41% | |
| Price / MA100: | +9.00% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +1.73% |
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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