TRON - TRX/USDT - 15 min. - Technical analysis published on 04/12/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 0.059503 USDT
My targets
0.061227 USDT (+2.39%)
0.064253 USDT (+7.45%)
My analysis
The basic bullish trend is very strong on TRON - TRX/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.059503 USDT. Crossing the first resistance at 0.061227 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.064253 USDT as an objective. Crossing it would then enable buyers to target 0.065977 USDT. Caution, a return to below 0.059503 USDT would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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Additional analysis
Quotes
The TRON - TRX/USDT price is 0.059800 USDT. The price has increased by +2.75% since the last closing with the lowest point at 0.057940 USDT and the highest point at 0.060380 USDT. The deviation from the price is +3.21% for the low point and -0.96% for the high point.0.057940
0.060380
0.059800
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/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of TRON - TRX/USDT indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
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 : 15 minutes
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.025503 | 0.055060 | 0.058780 | 0.059800 | 0.062809 | 0.068840 | 0.071740 |
| Change (%) | -57.35% | -7.93% | -1.71% | - | +5.03% | +15.12% | +19.97% |
| Change | -0.034297 | -0.004740 | -0.001020 | - | +0.003009 | +0.009040 | +0.011940 |
| Level | Intermediate | Major | Minor | - | Major | Minor | 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 | 0.051727 | 0.054753 | 0.056477 | 0.059503 | 0.061227 | 0.064253 | 0.065977 |
| Camarilla | 0.056894 | 0.057329 | 0.057765 | 0.058200 | 0.058635 | 0.059071 | 0.059506 |
| Woodie | 0.051075 | 0.054428 | 0.055825 | 0.059178 | 0.060575 | 0.063928 | 0.065325 |
| Fibonacci | 0.054753 | 0.056568 | 0.057689 | 0.059503 | 0.061318 | 0.062439 | 0.064253 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.047960 | 0.055050 | 0.059490 | 0.066580 | 0.071020 | 0.078110 | 0.082550 |
| Camarilla | 0.060759 | 0.061816 | 0.062873 | 0.063930 | 0.064987 | 0.066044 | 0.067101 |
| Woodie | 0.046635 | 0.054388 | 0.058165 | 0.065918 | 0.069695 | 0.077448 | 0.081225 |
| Fibonacci | 0.055050 | 0.059455 | 0.062176 | 0.066580 | 0.070985 | 0.073706 | 0.078110 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039183 | 0.048357 | 0.061123 | 0.070297 | 0.083063 | 0.092237 | 0.105003 |
| Camarilla | 0.067857 | 0.069868 | 0.071879 | 0.073890 | 0.075901 | 0.077912 | 0.079924 |
| Woodie | 0.040980 | 0.049255 | 0.062920 | 0.071195 | 0.084860 | 0.093135 | 0.106800 |
| Fibonacci | 0.048357 | 0.056738 | 0.061916 | 0.070297 | 0.078678 | 0.083856 | 0.092237 |
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): | 56.17 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 6.820075 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.059980 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.059491 | |
| Elder Ray (13): | 0.000038 | |
| Super Trend (3,10): | 0.060223 | |
| Zig ZAG (10): | 0.059860 | |
| VORTEX (21): | 1.1198 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 0.059909 | |
| Williams %R (14): | -51.11 | |
| Chande Momentum Oscillator (20): | -0.000310 | |
| Repulse (5,40,3): | 0.1978 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0445 | |
| Courbe Coppock: | 0.49 |
| MA7: | 0.062067 | |
| MA20: | 0.067327 | |
| MA50: | 0.063339 | |
| MA100: | 0.063892 | |
| MAexp7: | 0.059865 | |
| MAexp20: | 0.059790 | |
| MAexp50: | 0.059492 | |
| MAexp100: | 0.059532 | |
| Price / MA7: | -3.65% | |
| Price / MA20: | -11.18% | |
| Price / MA50: | -5.59% | |
| Price / MA100: | -6.40% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.45% |
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.
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