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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: 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.

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