TRON - TRX/USD - 1H - Technical analysis published on 01/14/2025 (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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 0.226860 USD
My targets
0.216028 USD (-2.92%)
0.194457 USD (-12.61%)
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 under the resistance located at 0.226860 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.216028 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.194457 USD as an objective. Crossing it would then enable sellers to target 0.166341 USD. If the resistance 0.226860 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
1.8
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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 0.222515 USD. The price is lower by -0.09% since the last closing and was traded between 0.221536 USD and 0.225228 USD over the period. The price is currently at +0.44% from its lowest and -1.20% from its highest.0.221536
0.225228
0.222515
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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 bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.166341 | 0.194457 | 0.216028 | 0.222515 | 0.236305 | 0.243931 | 0.252925 |
| Change (%) | -25.25% | -12.61% | -2.92% | - | +6.20% | +9.62% | +13.67% |
| Change | -0.056174 | -0.028058 | -0.006487 | - | +0.013790 | +0.021416 | +0.030410 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.191912 | 0.203970 | 0.213337 | 0.225395 | 0.234762 | 0.246820 | 0.256187 |
| Camarilla | 0.216812 | 0.218776 | 0.220740 | 0.222704 | 0.224668 | 0.226632 | 0.228596 |
| Woodie | 0.190567 | 0.203297 | 0.211992 | 0.224722 | 0.233417 | 0.246147 | 0.254842 |
| Fibonacci | 0.203970 | 0.212154 | 0.217211 | 0.225395 | 0.233579 | 0.238636 | 0.246820 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.190719 | 0.213512 | 0.226860 | 0.249653 | 0.263001 | 0.285794 | 0.299142 |
| Camarilla | 0.230269 | 0.233582 | 0.236895 | 0.240208 | 0.243521 | 0.246834 | 0.250147 |
| Woodie | 0.185997 | 0.211151 | 0.222138 | 0.247292 | 0.258279 | 0.283433 | 0.294420 |
| Fibonacci | 0.213512 | 0.227318 | 0.235847 | 0.249653 | 0.263459 | 0.271988 | 0.285794 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.092442 | 0.054810 | 0.154686 | 0.301938 | 0.401814 | 0.549066 | 0.648942 |
| Camarilla | 0.186601 | 0.209254 | 0.231908 | 0.254561 | 0.277214 | 0.299868 | 0.322521 |
| Woodie | -0.116131 | 0.042966 | 0.130997 | 0.290094 | 0.378125 | 0.537222 | 0.625253 |
| Fibonacci | 0.054810 | 0.149213 | 0.207535 | 0.301938 | 0.396341 | 0.454663 | 0.549066 |
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): | 46.87 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -2.055029 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.221374 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.220341 | |
| Elder Ray (13): | 0.000908 | |
| Super Trend (3,10): | 0.228476 | |
| Zig ZAG (10): | 0.223635 | |
| VORTEX (21): | 1.0475 | |
| Stochastique (14,3,5): | 80.51 | |
| TEMA (21): | 0.222978 | |
| Williams %R (14): | -23.30 | |
| Chande Momentum Oscillator (20): | 0.003220 | |
| Repulse (5,40,3): | -0.4726 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1271 | |
| Courbe Coppock: | 2.83 |
| MA7: | 0.236303 | |
| MA20: | 0.251653 | |
| MA50: | 0.261638 | |
| MA100: | 0.216607 | |
| MAexp7: | 0.223163 | |
| MAexp20: | 0.223418 | |
| MAexp50: | 0.227580 | |
| MAexp100: | 0.233702 | |
| Price / MA7: | -5.83% | |
| Price / MA20: | -11.58% | |
| Price / MA50: | -14.95% | |
| Price / MA100: | +2.73% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -2.23% | |
| Price / MAexp100: | -4.79% |
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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