TRON - TRX/USD - 1H - Technical analysis published on 01/16/2025 (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
44%
11%
44%
My opinion
Bullish above 0.236305 USD
My targets
0.242224 USD (+1.75%)
0.245695 USD (+3.21%)
My analysis
TRON - TRX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.236305 USD. The next resistance located at 0.242224 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.245695 USD. After this resistance, buyers could then target 0.252999 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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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 0.238057 USD. The price registered a decrease of -0.07% on the session with the lowest point at 0.232389 USD and the highest point at 0.241735 USD. The deviation from the price is +2.44% for the low point and -1.52% for the high point.0.232389
0.241735
0.238057
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:
Technical
Technical analysis of TRON - TRX/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
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:
Near resistance of channel
Type : Bearish
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 | 0.227561 | 0.230884 | 0.236305 | 0.238057 | 0.242224 | 0.245695 | 0.252999 |
| Change (%) | -4.41% | -3.01% | -0.74% | - | +1.75% | +3.21% | +6.28% |
| Change | -0.010496 | -0.007173 | -0.001752 | - | +0.004167 | +0.007638 | +0.014942 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 0.206812 | 0.213348 | 0.225780 | 0.232316 | 0.244748 | 0.251284 | 0.263716 |
| Camarilla | 0.232996 | 0.234735 | 0.236473 | 0.238212 | 0.239951 | 0.241690 | 0.243428 |
| Woodie | 0.209760 | 0.214822 | 0.228728 | 0.233790 | 0.247696 | 0.252758 | 0.266664 |
| Fibonacci | 0.213348 | 0.220594 | 0.225070 | 0.232316 | 0.239562 | 0.244038 | 0.251284 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.51 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 6.204941 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.240607 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.234506 | |
| Elder Ray (13): | 0.000847 | |
| Super Trend (3,10): | 0.230167 | |
| Zig ZAG (10): | 0.238956 | |
| VORTEX (21): | 1.0754 | |
| Stochastique (14,3,5): | 73.24 | |
| TEMA (21): | 0.240269 | |
| Williams %R (14): | -33.86 | |
| Chande Momentum Oscillator (20): | 0.001751 | |
| Repulse (5,40,3): | 0.0456 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1421 | |
| Courbe Coppock: | 2.68 |
| MA7: | 0.234081 | |
| MA20: | 0.249785 | |
| MA50: | 0.263237 | |
| MA100: | 0.218204 | |
| MAexp7: | 0.239132 | |
| MAexp20: | 0.237746 | |
| MAexp50: | 0.233967 | |
| MAexp100: | 0.232955 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | -4.70% | |
| Price / MA50: | -9.57% | |
| Price / MA100: | +9.10% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +1.75% | |
| Price / MAexp100: | +2.19% |
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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