TRON (X100) - TRX/BTC - Daily - Technical analysis published on 02/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.000205 BTC
My targets
0.000256 BTC (+10.69%)
0.000276 BTC (+19.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRON (X100) - TRX/BTC as long as the price remains well above 0.000205 BTC. The buyers” bullish objective is set at 0.000256 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.000276 BTC. If there is any crossing, the next objective would be the resistance located at 0.000289 BTC. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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Additional analysis
Quotes
TRON (X100) - TRX/BTC rating 0.000231 BTC. The price registered an increase of +6.94% on the session and was between 0.000205 BTC and 0.000240 BTC. This implies that the price is at +12.68% from its lowest and at -3.75% from its highest.0.000205
0.000240
0.000231
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this TRON (X100) - TRX/BTC chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.000174 | 0.000191 | 0.000205 | 0.000231 | 0.000234 | 0.000276 | 0.000289 |
| Change (%) | -24.68% | -17.32% | -11.26% | - | +1.30% | +19.48% | +25.11% |
| Change | -0.000057 | -0.000040 | -0.000026 | - | +0.000003 | +0.000045 | +0.000058 |
| Level | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000200 | 0.000204 | 0.000210 | 0.000214 | 0.000220 | 0.000224 | 0.000230 |
| Camarilla | 0.000213 | 0.000214 | 0.000215 | 0.000216 | 0.000217 | 0.000218 | 0.000219 |
| Woodie | 0.000201 | 0.000205 | 0.000211 | 0.000215 | 0.000221 | 0.000225 | 0.000231 |
| Fibonacci | 0.000204 | 0.000208 | 0.000210 | 0.000214 | 0.000218 | 0.000220 | 0.000224 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000171 | 0.000180 | 0.000192 | 0.000201 | 0.000213 | 0.000222 | 0.000234 |
| Camarilla | 0.000197 | 0.000199 | 0.000201 | 0.000203 | 0.000205 | 0.000207 | 0.000209 |
| Woodie | 0.000172 | 0.000181 | 0.000193 | 0.000202 | 0.000214 | 0.000223 | 0.000235 |
| Fibonacci | 0.000180 | 0.000188 | 0.000193 | 0.000201 | 0.000209 | 0.000214 | 0.000222 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000139 | 0.000155 | 0.000178 | 0.000194 | 0.000217 | 0.000233 | 0.000256 |
| Camarilla | 0.000189 | 0.000193 | 0.000196 | 0.000200 | 0.000204 | 0.000207 | 0.000211 |
| Woodie | 0.000142 | 0.000157 | 0.000181 | 0.000196 | 0.000220 | 0.000235 | 0.000259 |
| Fibonacci | 0.000155 | 0.000170 | 0.000179 | 0.000194 | 0.000209 | 0.000218 | 0.000233 |
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): | 76.84 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 29.054647 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.000211 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000194 | |
| Elder Ray (13): | 0.000016 | |
| Super Trend (3,10): | 0.000187 | |
| Zig ZAG (10): | 0.000231 | |
| VORTEX (21): | 1.0853 | |
| Stochastique (14,3,5): | 90.30 | |
| TEMA (21): | 0.000217 | |
| Williams %R (14): | -15.69 | |
| Chande Momentum Oscillator (20): | 0.000039 | |
| Repulse (5,40,3): | 14.0504 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3417 | |
| Courbe Coppock: | 16.45 |
| MA7: | 0.000210 | |
| MA20: | 0.000201 | |
| MA50: | 0.000192 | |
| MA100: | 0.000200 | |
| MAexp7: | 0.000213 | |
| MAexp20: | 0.000203 | |
| MAexp50: | 0.000197 | |
| MAexp100: | 0.000198 | |
| Price / MA7: | +10.00% | |
| Price / MA20: | +14.93% | |
| Price / MA50: | +20.31% | |
| Price / MA100: | +15.50% | |
| Price / MAexp7: | +8.45% | |
| Price / MAexp20: | +13.79% | |
| Price / MAexp50: | +17.26% | |
| Price / MAexp100: | +16.67% |
This member declared not having a position on this financial instrument or a related financial instrument.
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