Tron Elliott Wave technical analysis [Video]
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TRX/USD 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.
TRX/USD 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.
TRX/USD technical indicators
The price is above the MA200 indicating an uptrend, the wave oscillator is a bullish momentum.
TRX/USD 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.
TRX/USD 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.
TRX/USD technical indicators
The price is above the MA200 indicating an uptrend, the wave oscillator is a bullish momentum.
Tron 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.
