Londinia Opportunities Analyses - 07/26/2024 (GMT) TRON - TRX/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | TRXUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.135792 USDT
My targets
0.139476 USDT (+1.97%)
0.142868 USDT (+4.45%)
My analysis
TRON - TRX/USDT 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 0.135792 USDT. The next resistance located at 0.139476 USDT 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 0.142868 USDT. 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
0
10
8.4
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Additional analysis
Quotes
TRON - TRX/USDT rating 0.136783 USDT. On the day, this instrument gained +0.89% and was traded between 0.135524 USDT and 0.136828 USDT over the period. The price is currently at +0.93% from its lowest and -0.03% from its highest.0.135524
0.136828
0.136783
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRON - TRX/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.134991 | 0.135792 | 0.136425 | 0.136783 | 0.137195 | 0.139476 | 0.142868 |
| Change (%) | -1.31% | -0.72% | -0.26% | - | +0.30% | +1.97% | +4.45% |
| Change | -0.001792 | -0.000991 | -0.000358 | - | +0.000412 | +0.002693 | +0.006085 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130991 | 0.132247 | 0.133912 | 0.135168 | 0.136833 | 0.138089 | 0.139754 |
| Camarilla | 0.134773 | 0.135041 | 0.135308 | 0.135576 | 0.135844 | 0.136112 | 0.136379 |
| Woodie | 0.131195 | 0.132349 | 0.134116 | 0.135270 | 0.137037 | 0.138191 | 0.139958 |
| Fibonacci | 0.132247 | 0.133363 | 0.134053 | 0.135168 | 0.136284 | 0.136974 | 0.138089 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.124366 | 0.128601 | 0.131641 | 0.135876 | 0.138916 | 0.143151 | 0.146191 |
| Camarilla | 0.132679 | 0.133346 | 0.134013 | 0.134680 | 0.135347 | 0.136014 | 0.136681 |
| Woodie | 0.123768 | 0.128302 | 0.131043 | 0.135577 | 0.138318 | 0.142852 | 0.145593 |
| Fibonacci | 0.128601 | 0.131380 | 0.133097 | 0.135876 | 0.138655 | 0.140372 | 0.143151 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.101366 | 0.106650 | 0.115672 | 0.120956 | 0.129978 | 0.135262 | 0.144284 |
| Camarilla | 0.120759 | 0.122070 | 0.123382 | 0.124693 | 0.126004 | 0.127316 | 0.128627 |
| Woodie | 0.103234 | 0.107585 | 0.117540 | 0.121891 | 0.131846 | 0.136197 | 0.146152 |
| Fibonacci | 0.106650 | 0.112115 | 0.115491 | 0.120956 | 0.126421 | 0.129797 | 0.135262 |
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): | 62.83 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 12.925942 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.136683 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.135807 | |
| Elder Ray (13): | 0.000315 | |
| Super Trend (3,10): | 0.135327 | |
| Zig ZAG (10): | 0.136789 | |
| VORTEX (21): | 1.1137 | |
| Stochastique (14,3,5): | 86.48 | |
| TEMA (21): | 0.136753 | |
| Williams %R (14): | -2.01 | |
| Chande Momentum Oscillator (20): | 0.000862 | |
| Repulse (5,40,3): | 0.2183 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0428 | |
| Courbe Coppock: | 1.47 |
| MA7: | 0.134580 | |
| MA20: | 0.133849 | |
| MA50: | 0.125780 | |
| MA100: | 0.122057 | |
| MAexp7: | 0.136528 | |
| MAexp20: | 0.136125 | |
| MAexp50: | 0.135410 | |
| MAexp100: | 0.134882 | |
| Price / MA7: | +1.64% | |
| Price / MA20: | +2.19% | |
| Price / MA50: | +8.75% | |
| Price / MA100: | +12.06% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +1.01% | |
| Price / MAexp100: | +1.41% |
Quotes :
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Real time data
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Cryptocompare