TRON /U.S.dollar(TRXUSD) Elliott Wave Technical Analysis 14 April 23

Elliott Wave Analysis TradingLounge Daily Chart, 14 April 23,  

TRON /U.S.dollar(TRXUSD)

TRXUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Impulse

Wave Cancel invalid Level: 0.045

Details: Wave II is likely to end at the level of 0.055 and a five-wave rise from this level will confirm it.

TRON /U.S.dollar(TRXUSD)Trading Strategy: Tron is still in a strong uptrend. can be above the MA200 and MA50 lines, therefore, the outlook continues to rise of wave ((3)), which tends to be 1.618 times the length of wave ((1)), at the level of 0.10586.

TRON /U.S.dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, 14 April 23,  

TRON /U.S.dollar(TRXUSD)

TRXUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave III of Impulse

Wave Cancel invalid Level: 0.045

Details: Wave ((3)) is usually equal to 1.618 multiplied Length of wave ((1))

TRON /U.S.dollar(TRXUSD)Trading Strategy: Tron is still in a strong uptrend. can be above the MA200 and MA50 lines, therefore, the outlook continues to rise of wave ((3)), which tends to be 1.618 times the length of wave ((1)), at the level of 0.0797.

TRON /U.S.dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators Below Zero-Line momentum are Bearish.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Top
  • Latest
  • Kelvin_Qiu
    ·2023-04-14
    [Like]
    Reply
    Report
  • Yen4896
    ·2023-04-14
    👍
    Reply
    Report
  • Sam086
    ·2023-04-14
    👍
    Reply
    Report
  • Lamborghini1
    ·2023-04-14
    👍
    Reply
    Report