By
Peter Mathers
of
Trading Lounge
Friday, September 16, 2022 9:02 AM EST
TRON (TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Motive
Details: In the sub-wave of wave (C), the price continues to decline. but must not be higher than 0.0651
Wave Cancel invalid Level: 0.046621
TRON (TRXUSD) Trading Strategy: the effort of a bear market to push the price down again after failing to break through the resistance at the MA200 line could be an opportunity. Open a short position in the short term
Binance Coin (BNBUSD) Technical Indicators: MACD Histogram has a Hidden. Bearish divergence, the price has an opportunity reversal.
(Click on image to enlarge)
(Click on image to enlarge)
More By This Author:
Elliott Wave Analysis: U.S. Indices - Friday, Sept. 16
Elliott Wave Technical Analysis - Binance Coin
Elliott Wave Analysis: European Indices
Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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