TRXUSD Elliott Wave Technical Analysis March 12 2023
4Hour
TRON/U.S.dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.045
Details: : Retracement of wave ((2)) Equal to .618 x Length wave ((1)) at 0.055
TRON/U.S.dollar(TRXUSD)Trading Strategy: TRON has dropped from 0.073 level with sharpness. Let the price break the MA200 line, but even so, we expect only a short-term correction of the second wave to rise again in the third wave. and a two-up drop enough to complete the second wave. So a five-wave increase from 0.551 would support this idea.
TRON/U.S.dollar(TRXUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
Daily
TRON/U.S.dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.045
Details: : Retracement of wave ((2)) Equal to .618 x Length wave ((1)) at 0.055
TRON/U.S.dollar(TRXUSD)Trading Strategy: TRON has dropped from 0.073 level with sharpness. Let the price break the MA200 line, but even so, we expect only a short-term correction of the second wave to rise again in the third wave. and a two-up drop enough to complete the second wave. So a five-wave increase from 0.551 would support this idea.
TRON/U.S.dollar(TRXUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
