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Elliott Wave Analysis TradingLounge Daily Chart

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 V of Impulse

Wave Cancel invalid Level: 0.1051

Details: the five-wave increase of Wave ((3))

TRON/ U.S. dollar(TRXUSD)Trading Strategy:
Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we will focus on a five-wave rising impulse pattern, looking for opportunities from the correction to join the uptrend.

TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart

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 V of Impulse

Wave Cancel invalid Level: 0.1051

Details: the five-wave increase of Wave ((3))

TRON/ U.S. dollar(TRXUSD)Trading Strategy:
Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we will focus on a five-wave rising impulse pattern, looking for opportunities from the correction to join the uptrend.

TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com 

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