Elliott Wave Analysis TradingLounge Daily Chart, Thursday, June 22

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TRON /U.S. Dollar (TRX-X)

TRXUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Impulse

Wave Cancel invalid Level: 0.045

Details: Wave III is usually equal to 1.618 multiplied Length of Wave I

TRON /U.S. Dollar (TRXUSD)Trading Strategy: TRON Wave ((2)) is likely to end at the level of 0.064720, which is enough to retrace Wave ((2)) corresponding to a rebound from the MA200 line, making our forecast. Five-wave movement to support this idea. And it could be the start of a new uptrend.

TRON /U.S. Dollar (TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, Thursday, Junee

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 ((3)) of Impulse

Wave Cancel invalid Level: 0.06392

Details: Wave (3) is usually equal to 1.618 multiplied Length of Wave I

TRON /U.S. Dollar (TRXUSD)Trading Strategy: TRON Wave ((2)) is likely to end at the level of 0.064720, which is enough to retrace Wave ((2)) corresponding to a rebound through the MA200 line, making our forecast. Five-wave movement to support this idea. And it could be the start of a new uptrend.

TRON /U.S. Dollar (TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum.

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