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TRON Elliott Wave technical analysis [Video]

TRON Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

TRX/USD Elliott Wave technical analysis

Function: Counter trend.    

Mode: Corrective.

Structure: Zigzag.

Position:  Wave ((C)).

Direction next higher degrees: wave I of Impulse.

Details: Wave IV  may be complete and the price increase again in Wave V.

TRON/ U.S. dollar (TRXUSD) trading strategy: Overall, TRON remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities 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.

Tron

TRX/USD four-hour chart

Function: Counter trend    

Mode: Corrective

Structure:  Zigzag

Position:  Wave ((C))

Direction next higher degrees: Wave I of Impulse

Details: Wave IV  may be complete and the price increase again in Wave V

TRON/ U.S. dollar (TRXUSD) trading strategy: Overall, TRON  remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities 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.

Tron 4h

TRON Elliott Wave technical analysis [Video]

Author

Peter Mathers

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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