TRON - TRX/USD - 1H - Technical analysis published on 12/10/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.299182 USD
My targets
0.262106 USD (-5.44%)
0.235807 USD (-14.93%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.299182 USD remains possible. It is advisable to trade TRON - TRX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.299182 USD. The next bearish objective for sellers is set at 0.262106 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.235807 USD. In case of crossing, the next objective would be the support located at 0.213354 USD. PS: if there is a bullish break in the resistance located at 0.299182 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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Additional analysis
Quotes
TRON - TRX/USD rating 0.277177 USD. The price has increased by +5.10% since the last closing and was traded between 0.243948 USD and 0.280043 USD over the period. The price is currently at +13.62% from its lowest and -1.02% from its highest.0.243948
0.280043
0.277177
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of TRON - TRX/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. 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 is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.194475 | 0.213354 | 0.235807 | 0.277177 | 0.308187 | 0.336172 | 0.435023 |
| Change (%) | -29.84% | -23.03% | -14.93% | - | +11.19% | +21.28% | +56.95% |
| Change | -0.082702 | -0.063823 | -0.041370 | - | +0.031010 | +0.058995 | +0.157846 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Major |
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 | 0.148331 | 0.194573 | 0.229153 | 0.275395 | 0.309975 | 0.356217 | 0.390797 |
| Camarilla | 0.241506 | 0.248915 | 0.256323 | 0.263732 | 0.271141 | 0.278549 | 0.285958 |
| Woodie | 0.142499 | 0.191658 | 0.223321 | 0.272480 | 0.304143 | 0.353302 | 0.384965 |
| Fibonacci | 0.194573 | 0.225447 | 0.244521 | 0.275395 | 0.306269 | 0.325343 | 0.356217 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.049496 | 0.076284 | 0.197604 | 0.323384 | 0.444704 | 0.570484 | 0.691804 |
| Camarilla | 0.250973 | 0.273623 | 0.296274 | 0.318925 | 0.341576 | 0.364227 | 0.386878 |
| Woodie | -0.051725 | 0.075169 | 0.195375 | 0.322269 | 0.442475 | 0.569369 | 0.689575 |
| Fibonacci | 0.076284 | 0.170676 | 0.228992 | 0.323384 | 0.417776 | 0.476092 | 0.570484 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.102022 | 0.130666 | 0.167742 | 0.196386 | 0.233462 | 0.262106 | 0.299182 |
| Camarilla | 0.186744 | 0.192768 | 0.198793 | 0.204817 | 0.210841 | 0.216866 | 0.222890 |
| Woodie | 0.106237 | 0.132774 | 0.171957 | 0.198494 | 0.237677 | 0.264214 | 0.303397 |
| Fibonacci | 0.130666 | 0.155771 | 0.171281 | 0.196386 | 0.221491 | 0.237001 | 0.262106 |
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): | 44.15 | |
| MACD (12,26,9): | -0.0091 | |
| Directional Movement: | -17.142678 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.258705 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.241488 | |
| Elder Ray (13): | 0.004069 | |
| Super Trend (3,10): | 0.278967 | |
| Zig ZAG (10): | 0.272478 | |
| VORTEX (21): | 0.8670 | |
| Stochastique (14,3,5): | 64.92 | |
| TEMA (21): | 0.258443 | |
| Williams %R (14): | -3.77 | |
| Chande Momentum Oscillator (20): | 0.012838 | |
| Repulse (5,40,3): | 5.4763 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5726 | |
| Courbe Coppock: | 12.75 |
| MA7: | 0.307586 | |
| MA20: | 0.251971 | |
| MA50: | 0.204210 | |
| MA100: | 0.179256 | |
| MAexp7: | 0.266743 | |
| MAexp20: | 0.271528 | |
| MAexp50: | 0.287686 | |
| MAexp100: | 0.297118 | |
| Price / MA7: | -9.89% | |
| Price / MA20: | +10.00% | |
| Price / MA50: | +35.73% | |
| Price / MA100: | +54.63% | |
| Price / MAexp7: | +3.91% | |
| Price / MAexp20: | +2.08% | |
| Price / MAexp50: | -3.65% | |
| Price / MAexp100: | -6.71% |
Quotes :
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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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