TRXUSD Elliott Wave Technical Analysis 14 December 2022
4 Hour
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 1 of Motive
Details: Rising of wave 3 often travels greater than 1.618 x the length of wave 1
Wave Cancel invalid Level: 0.0452
Tron / U.S. dollar (TRXUSD)Trading Strategy: TRON is likely to be pushed above the MA200 to enter an uptrend. in the third wave which usually travels more than 1.618 x the length of wave 1 at the 0.068 level.
Tron / U.S. dollar (TRXUSD) Technical Indicators: The price is below the MA200 MA50, indicating an Uptrend. The wave oscillators slow down Momentum opportunity Changes are bullish
Daily
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 1 of Motive
Details: Rising of wave 3 often travels greater than 1.618 x the length of wave 1
Wave Cancel invalid Level: 0.0452
Tron / U.S. dollar (TRXUSD)Trading Strategy: TRON is still under sell pressure as it remains below the MA200 and MA50, but there is a good recovery from the 0.0452 level, if the price can break above the MA200, it is a signal of an uptrend.
Tron / U.S. dollar (TRXUSD) Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The wave oscillators above Zero-Line momentum are Bullish
