TRON (X100) - TRX/BTC

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Type:	Cryptocurrencies
Ticker:	TRXBTC
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TRON (X100) - TRX/BTC - Daily - Technical analysis published on 02/12/2020 (GMT)

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Londinia

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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

78%

22%

My opinion

Bullish above 0.000215 BTC

My targets

0.000256 BTC (+11.66%)

0.000289 BTC (+26.20%)

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 0.000215 BTC. The next resistance located at 0.000256 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 0.000289 BTC. After this resistance, buyers could then target 0.000818 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, 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

8.2

Comment on the analysis

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.

This analysis was given by insight. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TRON (X100) - TRX/BTC price is 0.000229 BTC. On the day, this instrument lost +3.15% and was traded between 0.000222 BTC and 0.000234 BTC over the period. The price is currently at +3.15% from its lowest and -2.14% from its highest.

0.000222

0.000234

0.000229

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000174	0.000198	0.000215	0.000229	0.000234	0.000289	0.000818
Change (%)	-24.02%	-13.54%	-6.11%	-	+2.18%	+26.20%	+257.21%
Change	-0.000055	-0.000031	-0.000014	-	+0.000005	+0.000060	+0.000589
Level	Intermediate	Major	Major	-	Major	Minor	Intermediate

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	0.000208	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):	66.14
MACD (12,26,9):	0.0000
Directional Movement:	21.018202
AROON (14):	57.142856
DEMA (21):	0.000223
Parabolic SAR (0,02-0,02-0,2):	0.000213
Elder Ray (13):	0.000011
Super Trend (3,10):	0.000191
Zig ZAG (10):	0.000229
VORTEX (21):	1.0992
Stochastique (14,3,5):	64.87
TEMA (21):	0.000228
Williams %R (14):	-26.53
Chande Momentum Oscillator (20):	0.000030
Repulse (5,40,3):	5.3525
ROCnROLL:	1
TRIX (15,9):	0.5418
Courbe Coppock:	25.17

MA7:	0.000224
MA20:	0.000210
MA50:	0.000196
MA100:	0.000200
MAexp7:	0.000222
MAexp20:	0.000212
MAexp50:	0.000203
MAexp100:	0.000201
Price / MA7:	+2.23%
Price / MA20:	+9.05%
Price / MA50:	+16.84%
Price / MA100:	+14.50%
Price / MAexp7:	+3.15%
Price / MAexp20:	+8.02%
Price / MAexp50:	+12.81%
Price / MAexp100:	+13.93%

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

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