Elliott Wave Analysis TradingLounge Daily Chart, 28 March 23,  

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: Although a sharp drop has yet to break the price structure in an uptrend, TRON is once again standing above MA200. May lead to the 1.618 level of wave I at 0.10586.

TRON /U.S.Ddollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators below Zero-Line momentum are Bearish.

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 28 March 23,  

TRON /U.S.Dollar(TRXUSD)

Tuesday 28 March 23

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 II is likely to end at the level of 0.05688 and a five-wave rise from this level will confirm it.

TRON /U.S.Dollar(TRXUSD)Trading Strategy: Although a sharp drop has yet to break the price structure in an uptrend, TRON is once again standing above MA200. May lead to the 1.618 level of wave I at 0.10586.

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

(Click on image to enlarge)

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