Elliott Wave Analysis TradingLounge Daily Chart, December 14, 2022

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Tron / U.S.dollar (TRX-X)

TRXUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave 1 of Motive

Details: Rising of wave 3 often travels greater than 1.618 x the length of wave 1

Wave Cancel invalid Level:0.0452

Tron / U.S. dollar (TRXUSD)Trading Strategy: TRON is still under sell pressure as it remains below the MA200 and MA50, but there is a good recovery from the 0.0452 level, if the price can break above the MA200, it is a signal of an uptrend.

Tron / U.S. dollar (TRXUSD) Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are Bullish.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, December 14, 2022

Tron / U.S. Dollar (TRXUSD)

TRXUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave 1 of Motive

Details: Rising of wave 3 often travels greater than 1.618 x the length of wave 1

Wave Cancel invalid Level:0.0452

Tron / U.S. dollar (TRXUSD)Trading Strategy: TRON is likely to be pushed above theMA200 to enter an uptrend. in the third wave which usually travels more than 1.618 x the length of wave 1 at the 0.068 level.

Tron / U.S. dollar (TRXUSD) Technical Indicators: The price is below the MA200 MA50,indicating an Uptrend. The wave oscillators slow down Momentum opportunity Changes are bullish.

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