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TRON (X100) - TRX/BTC
TRON (X100) - TRX/BTC
- BTC (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: TRXBTC
ISIN:

TRON (X100) - TRX/BTC - 1H - Technical analysis published on 02/06/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.000222 BTC
My targets
0.000234 BTC (+1.30%)
0.000256 BTC (+10.69%)
My analysis
TRON (X100) - TRX/BTC 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 0.000222 BTC. The next resistance located at 0.000234 BTC 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 0.000256 BTC. After this resistance, buyers could then target 0.000276 BTC. 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
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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15 min. Daily Weekly

Additional analysis

Quotes

The TRON (X100) - TRX/BTC rating is 0.000231 BTC. The price has increased by +6.94% since the last closing with the lowest point at 0.000205 BTC and the highest point at 0.000240 BTC. The deviation from the price is +12.68% for the low point and -3.75% for the high point.

0.000205
0.000240
0.000231

A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this TRON (X100) - TRX/BTC chart shows a strongly 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

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:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.000209 0.000216 0.000218 0.000231 0.000234 0.000276 0.000289
Change (%) -9.52% -6.49% -5.63% - +1.30% +19.48% +25.11%
Change -0.000022 -0.000015 -0.000013 - +0.000003 +0.000045 +0.000058
Level Major Minor Major - 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
Standard0.0002000.0002040.0002100.0002140.0002200.0002240.000230
Camarilla0.0002130.0002140.0002150.0002160.0002170.0002180.000219
Woodie0.0002010.0002050.0002110.0002150.0002210.0002250.000231
Fibonacci0.0002040.0002080.0002100.0002140.0002180.0002200.000224


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0001710.0001800.0001920.0002010.0002130.0002220.000234
Camarilla0.0001970.0001990.0002010.0002030.0002050.0002070.000209
Woodie0.0001720.0001810.0001930.0002020.0002140.0002230.000235
Fibonacci0.0001800.0001880.0001930.0002010.0002090.0002140.000222


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0001390.0001550.0001780.0001940.0002170.0002330.000256
Camarilla0.0001890.0001930.0001960.0002000.0002040.0002070.000211
Woodie0.0001420.0001570.0001810.0001960.0002200.0002350.000259
Fibonacci0.0001550.0001700.0001790.0001940.0002090.0002180.000233

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): 69.54
MACD (12,26,9): 0.0000
Directional Movement: 28.506817
AROON (14): 7.142853
DEMA (21): 0.000221
Parabolic SAR (0,02-0,02-0,2): 0.000205
Elder Ray (13): 0.000013
Super Trend (3,10): 0.000215
Zig ZAG (10): 0.000231
VORTEX (21): 1.2065
Stochastique (14,3,5): 67.77
TEMA (21): 0.000222
Williams %R (14): -22.86
Chande Momentum Oscillator (20): 0.000015
Repulse (5,40,3): 6.1602
ROCnROLL: 1
TRIX (15,9): 0.1032
Courbe Coppock: 5.84
MA7: 0.000210
MA20: 0.000201
MA50: 0.000192
MA100: 0.000200
MAexp7: 0.000222
MAexp20: 0.000217
MAexp50: 0.000214
MAexp100: 0.000210
Price / MA7: +10.00%
Price / MA20: +14.93%
Price / MA50: +20.31%
Price / MA100: +15.50%
Price / MAexp7: +4.05%
Price / MAexp20: +6.45%
Price / MAexp50: +7.94%
Price / MAexp100: +10.00%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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