TRON (X100) - TRX/BTC - 1H - Technical analysis published on 02/12/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.000227 BTC
My targets
0.000234 BTC (+2.18%)
0.000243 BTC (+6.11%)
My analysis
The bullish trend is currently very strong on TRON (X100) - TRX/BTC. As long as the price remains above the support at 0.000227 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.000234 BTC. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.000243 BTC as an objective. Crossing it would then enable buyers to target 0.000289 BTC. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.3
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Additional analysis
Quotes
The TRON (X100) - TRX/BTC price is 0.000229 BTC. On the day, this instrument lost +3.15% with the lowest point at 0.000222 BTC and the highest point at 0.000234 BTC. The deviation from the price is +3.15% for the low point and -2.14% for the high point.0.000222
0.000234
0.000229
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRON (X100) - TRX/BTC indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.000205 | 0.000215 | 0.000227 | 0.000229 | 0.000234 | 0.000243 | 0.000289 |
| Change (%) | -10.48% | -6.11% | -0.87% | - | +2.18% | +6.11% | +26.20% |
| Change | -0.000024 | -0.000014 | -0.000002 | - | +0.000005 | +0.000014 | +0.000060 |
| Level | Minor | Major | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000208 | 0.000213 | 0.000217 | 0.000222 | 0.000226 | 0.000231 | 0.000235 |
| Camarilla | 0.000220 | 0.000220 | 0.000221 | 0.000222 | 0.000223 | 0.000224 | 0.000225 |
| Woodie | 0.000209 | 0.000213 | 0.000218 | 0.000222 | 0.000227 | 0.000231 | 0.000236 |
| Fibonacci | 0.000213 | 0.000216 | 0.000218 | 0.000222 | 0.000225 | 0.000227 | 0.000231 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000156 | 0.000178 | 0.000199 | 0.000221 | 0.000242 | 0.000264 | 0.000285 |
| Camarilla | 0.000208 | 0.000212 | 0.000216 | 0.000220 | 0.000224 | 0.000228 | 0.000232 |
| Woodie | 0.000156 | 0.000178 | 0.000199 | 0.000221 | 0.000242 | 0.000264 | 0.000285 |
| Fibonacci | 0.000178 | 0.000194 | 0.000205 | 0.000221 | 0.000237 | 0.000248 | 0.000264 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.73 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 13.111390 | |
| AROON (14): | 92.857140 | |
| DEMA (21): | 0.000230 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000234 | |
| Elder Ray (13): | 0.000002 | |
| Super Trend (3,10): | 0.000223 | |
| Zig ZAG (10): | 0.000230 | |
| VORTEX (21): | 1.1311 | |
| Stochastique (14,3,5): | 71.67 | |
| TEMA (21): | 0.000231 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.000005 | |
| Repulse (5,40,3): | -0.3705 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1179 | |
| Courbe Coppock: | 5.75 |
| MA7: | 0.000224 | |
| MA20: | 0.000210 | |
| MA50: | 0.000196 | |
| MA100: | 0.000200 | |
| MAexp7: | 0.000230 | |
| MAexp20: | 0.000227 | |
| MAexp50: | 0.000225 | |
| MAexp100: | 0.000223 | |
| Price / MA7: | +2.23% | |
| Price / MA20: | +9.05% | |
| Price / MA50: | +16.84% | |
| Price / MA100: | +14.50% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | +2.69% |
This member declared not having a position on this financial instrument or a related financial instrument.
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