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Elliott Wave Analysis TradingLounge Daily Chart

Tron/ U.S. dollar(TRXUSD)

TRXUSD Elliott Wave Technical Analysis

Function: Follow the 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:
The rise of the fifth wave in the Impulse pattern is subdivided into five waves. Currently, waves ((1)) and ((2)) are completed, and the price is rising in wave ((3)). Therefore, there is a chance of continued increase above the level of 0.1442.

TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.

Elliott Wave Analysis TradingLounge H4 Chart

Tron/ U.S. dollar(TRXUSD)

TRXUSD Elliott Wave Technical Analysis

Function: Follow the 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:
The rise of the fifth wave in the Impulse pattern is subdivided into five waves. Currently, waves ((1)) and ((2)) are completed, and the price is rising in wave ((3)). Therefore, there is a chance of continued increase above the level of 0.1442.

TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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