TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

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: 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

Crypto24(1).thumb.png.990a29c35a02329cf096bc94d72af0ba.png

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

Crypto24.thumb.png.b836a5a28c285fc58ed3b55bf79473a8.png

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.

More from Peter Mathers
Share:

Editor's Picks

Top Altcoins Price Forecast: XRP and ADA rebound as DOGE lags behind

Top Altcoins Price Forecast: XRP and ADA rebound as DOGE lags behind

The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin rising above $65,000 amid improving retail sentiment. Top altcoins, including Ripple and Cardano, are gaining bullish momentum, while Dogecoin continues to consolidate, holding above a crucial support zone.

Ripple and Stellar outlook: Mixed signals keep traders at a crossroads

Ripple and Stellar outlook: Mixed signals keep traders at a crossroads

Ripple and Stellar trade within tight ranges as traders await the next directional move. XRP’s technical indicators suggest bearish momentum is fading, while XLM continues to consolidate near a critical support zone. Mixed derivatives metrics highlight growing market indecision, raising the likelihood of a volatile breakout in either direction in the coming days.

Shiba Inu Price Forecast: Extends gains as on-chain and derivatives metrics confirm bullish bias

Shiba Inu Price Forecast: Extends gains as on-chain and derivatives metrics confirm bullish bias

Shiba Inu extends gains, trading above $0.0000042 after breaking above the descending trendline the previous day. Strengthening on-chain data and improving derivatives metrics support further gains for the meme coin. CryptoQuant’s exchange netflow chart below shows five consecutive days of net outflows since July 17.

Bitcoin climbs above $65K as ETF flows recover despite rising macro risks

Bitcoin climbs above $65K as ETF flows recover despite rising macro risks

Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode.
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.