TRON - TRX/USDT - 1H - Technical analysis published on 12/08/2022 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.052420 USDT
My targets
0.053840 USDT (+1.11%)
0.054459 USDT (+2.27%)
My analysis
The basic trend is currently slightly bullish on TRON - TRX/USDT and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.052420 USDT, purchases could be favourable. The first bullish objective would be the resistance located at 0.053840 USDT. Then the price could move towards 0.054459 USDT. Then 0.055223 USDT by extension. A return under the support to 0.052420 USDT could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TRON - TRX/USDT price is 0.053250 USDT. The price registered an increase of +0.25% on the session with the lowest point at 0.052970 USDT and the highest point at 0.053500 USDT. The deviation from the price is +0.53% for the low point and -0.47% for the high point.0.052970
0.053500
0.053250
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of TRON - TRX/USDT indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.050070 | 0.052420 | 0.052947 | 0.053250 | 0.053343 | 0.053840 | 0.054459 |
| Change (%) | -5.97% | -1.56% | -0.57% | - | +0.17% | +1.11% | +2.27% |
| Change | -0.003180 | -0.000830 | -0.000303 | - | +0.000093 | +0.000590 | +0.001209 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051233 | 0.051827 | 0.052473 | 0.053067 | 0.053713 | 0.054307 | 0.054953 |
| Camarilla | 0.052779 | 0.052893 | 0.053006 | 0.053120 | 0.053234 | 0.053347 | 0.053461 |
| Woodie | 0.051260 | 0.051840 | 0.052500 | 0.053080 | 0.053740 | 0.054320 | 0.054980 |
| Fibonacci | 0.051827 | 0.052300 | 0.052593 | 0.053067 | 0.053540 | 0.053833 | 0.054307 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.048877 | 0.050403 | 0.051997 | 0.053523 | 0.055117 | 0.056643 | 0.058237 |
| Camarilla | 0.052732 | 0.053018 | 0.053304 | 0.053590 | 0.053876 | 0.054162 | 0.054448 |
| Woodie | 0.048910 | 0.050420 | 0.052030 | 0.053540 | 0.055150 | 0.056660 | 0.058270 |
| Fibonacci | 0.050403 | 0.051595 | 0.052332 | 0.053523 | 0.054715 | 0.055452 | 0.056643 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024323 | 0.034797 | 0.044703 | 0.055177 | 0.065083 | 0.075557 | 0.085463 |
| Camarilla | 0.049006 | 0.050874 | 0.052742 | 0.054610 | 0.056478 | 0.058346 | 0.060215 |
| Woodie | 0.024040 | 0.034655 | 0.044420 | 0.055035 | 0.064800 | 0.075415 | 0.085180 |
| Fibonacci | 0.034797 | 0.042582 | 0.047392 | 0.055177 | 0.062962 | 0.067772 | 0.075557 |
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): | 54.99 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.388145 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.053355 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.052653 | |
| Elder Ray (13): | 0.000042 | |
| Super Trend (3,10): | 0.052922 | |
| Zig ZAG (10): | 0.053330 | |
| VORTEX (21): | 1.0776 | |
| Stochastique (14,3,5): | 69.54 | |
| TEMA (21): | 0.053409 | |
| Williams %R (14): | -33.96 | |
| Chande Momentum Oscillator (20): | 0.000200 | |
| Repulse (5,40,3): | -0.1876 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0146 | |
| Courbe Coppock: | 1.02 |
| MA7: | 0.053507 | |
| MA20: | 0.052886 | |
| MA50: | 0.056637 | |
| MA100: | 0.059170 | |
| MAexp7: | 0.053350 | |
| MAexp20: | 0.053276 | |
| MAexp50: | 0.053238 | |
| MAexp100: | 0.053342 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | -5.98% | |
| Price / MA100: | -10.01% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.17% |
Quotes :
-
Real time data
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