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Elliott Wave Analysis TradingLounge Daily Chart, 8 June 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 III is usually equal to 1.618 multiplied Length of Wave I.

TRON/U.S. Dollar(TRXUSD) Trading Strategy: TRON is still in an uptrend. But there may be a correction in wave ((2)) before rising again, So Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)).

TRON/U.S. Dollar(TRXUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, wave oscillator has a bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, 8 June 2023.

TRON/U.S. Dollar(TRXUSD)

TRXUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive

Structure: Impulse

Position: Wave ((2))

Direction Next higher Degrees: wave III of Impulse

Wave Cancel invalid Level: 0.0714

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

TRON/U.S. Dollar(TRXUSD) Trading Strategy: TRON is still in an uptrend. But there may be a correction in wave ((2)) before rising again, So Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)).

TRON/U.S. Dollar(TRXUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, wave ocillator has a bullish momentum.

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