Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartTron/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Follow the trend Mode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave V of ImpulseWave Cancel invalid Level: 0.1051Details: the five-wave increase of Wave ((3))TRON/ U.S. dollar(TRXUSD)Trading Strategy:
The rise of the fifth wave in the Impulse pattern is subdivided into five waves. Currently, waves ((1)) and ((2)) are completed, and the price is rising in wave ((3)). Therefore, there is a chance of continued increase above the level of 0.1442.TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 ChartTron/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Follow the trend Mode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave V of ImpulseWave Cancel invalid Level: 0.1051Details: the five-wave increase of Wave ((3))TRON/ U.S. dollar(TRXUSD)Trading Strategy:
The rise of the fifth wave in the Impulse pattern is subdivided into five waves. Currently, waves ((1)) and ((2)) are completed, and the price is rising in wave ((3)). Therefore, there is a chance of continued increase above the level of 0.1442.TRON/ U.S. dollar(TRXUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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