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Elliott Wave Analysis TradingLounge Daily Chart, 18 April 2023.  

TRON/U.S. Dollar (TRXUSD)

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 II is likely to end at the level of 0.055 and a five-wave rise from this level will confirm it.

TRON/U.S. Dollar (TRXUSD) Trading Strategy: Tron is still in a strong uptrend. can be above the MA200 and MA50 lines, therefore, the outlook continues to rise of wave ((3)), which tends to be 1.618 times the length of wave ((1)), at the level of 0.10586.

TRON/U.S. Dollar (TRXUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 18 April 2023. 

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 III of Impulse

Wave Cancel invalid Level: 0.045

Details: Wave ((3)) is usually equal to 1.618 multiplied Length of wave ((1))

TRON/U.S. Dollar (TRXUSD) Trading Strategy: Tron is still in a strong uptrend. can be above the MA200 and MA50 lines, therefore, the outlook continues to rise of wave ((3)), which tends to be 1.618 times the length of wave ((1)), at the level of 0.0797

TRON/U.S. Dollar (TRXUSD) Technical Indicators: The price is above the MA200 indicating an uptrend The wave oscillators above Zero-Line momentum are bullish.

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