TRON Elliott Wave technical analysis [Video]
![TRON Elliott Wave technical analysis [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Tokens/TRON/tron_XtraLarge.jpg)
TRX/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Triangle.
Position: Wave ((D)).
Direction next higher degrees: Wave IV of Impulse.
Details: Movement within the Triangle pattern.
TRON/ U.S. dollar (TRXUSD) Trading Strategy: The movement within the Fourth Wave Triangle pattern continues. We still lack two more moves to complete the pattern, so wait for the correction to complete before rejoining the trend.
TRON/ U.S. dollar (TRXUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum.
TRX/USD one-day chart
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TRX/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Triangle.
Position: Wave ((D)).
Direction Next higher Degrees: Wave IV of Impulse.
Details: Movement within the Triangle pattern.
TRON/ U.S. dollar (TRXUSD) Trading Strategy: The movement within the Fourth Wave Triangle pattern continues. We still lack two more moves to complete the pattern, so wait for the correction to complete before rejoining the trend.
TRON/ U.S. dollar (TRXUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum.
TRX/USD four-hour chart
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.
