Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we will focus on a five-wave rising impulse pattern, looking for opportunities from the correction to join the uptrend.

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).

TRX/USD Elliott Wave technical analysis

Function: Follow trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((3)).

Direction next higher degrees: Wave V of Impulse.

Wave cancel invalid level: 0.1051.

Details: The five-wave increase of Wave ((3)).

TRON/U.S. dollar(TRXUSD)Trading Strategy:

Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we will focus on a five-wave rising impulse pattern, looking for opportunities from the correction to join the uptrend.

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

Technical analyst: Kittiampon Somboonsod.

TRX/USD Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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TRX/USD Elliott Wave technical analysis

TRX/USD Elliott Wave technical analysis

TRX/USD Elliott Wave technical analysis [Video]

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