Elliott Wave Analysis TradingLounge Daily Chart
Tron/ U.S. dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position:  Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave IV  may be complete and the price increase again in Wave V.

Tron/ U.S. dollar(TRXUSD)Trading Strategy:
Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave. But there may be a correction in wave 2 of the fifth wave before increasing. Therefore, the overall price is entering the trend again. Looking for opportunities to open long positions.

Tron/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart
Tron/ U.S. dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position:  Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave IV  may be complete and the price increase again in Wave V.

Tron/ U.S. dollar(TRXUSD)Trading Strategy:
Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave. But there may be a correction in wave 2 of the fifth wave before increasing. Therefore, the overall price is entering the trend again. Looking for opportunities to open long positions.

Tron/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

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(Click on image to enlarge)

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