Elliott Wave Analysis TradingLounge Daily Chart, 12 September 2023.
Tron/U.S. Dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: Wave II of Impulse
Wave Cancel invalid Level: 0.045
Details:  a Short-term pull back of wave ((B)) before Lower in wave ((C))
Tron/U.S. Dollar(TRXUSD) Trading Strategy: The fall from 0.0945 extended a five-wave, indicating to downtrend. then the price rise from 0.0706 with the nature of corrective makes us expect this is a rise in the short-term for the move down so the overview is still of the downtrend and the price trend below  0.0706
Tron/U.S. Dollar(TRXUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, MACD and RSI have a bullish momentum.
Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 12 September 2023
Tron/U.S. Dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: Wave II of Impulse
Wave Cancel invalid Level: 0.045
Details: a Short-term pull back of wave ((B)) before Lower in wave ((C))

Tron/U.S. Dollar(TRXUSD) Trading Strategy: The fall from 0.0945 extended a five-wave, indicating to downtrend. then the price rise from 0.0706 with the nature of corrective makes us expect this is a rise in the short-term for the move down so the overview is still of the downtrend and the price trend below  0.0706 

Tron/U.S. Dollar(TRXUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, MACD and RSI have a bullish momentum.

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