TRON - TRX/USD - Daily - Technical analysis published on 01/18/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.226860 USD
My targets
0.270008 USD (+5.56%)
0.296663 USD (+15.98%)
My analysis
A bullish trend on TRON - TRX/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.226860 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.270008 USD. Then the price could move towards 0.296663 USD. Then 0.435023 USD by extension. Be careful, a return below 0.226860 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5
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This analysis was given by Sarwar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USD rating is 0.255782 USD. The price registered an increase of +2.84% on the session and was between 0.247108 USD and 0.267237 USD. This implies that the price is at +3.51% from its lowest and at -4.29% from its highest.0.247108
0.267237
0.255782
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
Here is a more detailed summary of the historical variations registered by TRON - TRX/USD:
Technical
Technical analysis of this Daily chart of TRON - TRX/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.109436 | 0.166341 | 0.194457 | 0.255782 | 0.270008 | 0.296663 | 0.435023 |
| Change (%) | -57.22% | -34.97% | -23.98% | - | +5.56% | +15.98% | +70.08% |
| Change | -0.146346 | -0.089441 | -0.061325 | - | +0.014226 | +0.040881 | +0.179241 |
| Level | Major | 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 | 0.226952 | 0.231983 | 0.240351 | 0.245382 | 0.253750 | 0.258781 | 0.267149 |
| Camarilla | 0.245035 | 0.246264 | 0.247492 | 0.248720 | 0.249948 | 0.251177 | 0.252405 |
| Woodie | 0.228622 | 0.232817 | 0.242021 | 0.246216 | 0.255420 | 0.259615 | 0.268819 |
| Fibonacci | 0.231983 | 0.237101 | 0.240263 | 0.245382 | 0.250500 | 0.253662 | 0.258781 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.93 | |
| MACD (12,26,9): | -0.0051 | |
| Directional Movement: | -1.181112 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.239852 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.272309 | |
| Elder Ray (13): | 0.005511 | |
| Super Trend (3,10): | 0.262112 | |
| Zig ZAG (10): | 0.247909 | |
| VORTEX (21): | 0.9640 | |
| Stochastique (14,3,5): | 49.83 | |
| TEMA (21): | 0.233973 | |
| Williams %R (14): | -42.61 | |
| Chande Momentum Oscillator (20): | -0.020257 | |
| Repulse (5,40,3): | 4.3867 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3270 | |
| Courbe Coppock: | 17.90 |
| MA7: | 0.235732 | |
| MA20: | 0.248744 | |
| MA50: | 0.264974 | |
| MA100: | 0.219952 | |
| MAexp7: | 0.241500 | |
| MAexp20: | 0.246279 | |
| MAexp50: | 0.245157 | |
| MAexp100: | 0.225584 | |
| Price / MA7: | +8.51% | |
| Price / MA20: | +2.83% | |
| Price / MA50: | -3.47% | |
| Price / MA100: | +16.29% | |
| Price / MAexp7: | +5.91% | |
| Price / MAexp20: | +3.86% | |
| Price / MAexp50: | +4.33% | |
| Price / MAexp100: | +13.39% |
Quotes :
-
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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