Jump to content

Tron / U.S.dollar (TRXUSD) WaveTechnical Analysis 14 December 2022


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 14 December 2022,

Tron / U.S.dollar (TRXUSD)

TRXUSD Elliott WaveTechnical 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 remainsbelow the MA200 and MA50, but there is a good recovery from the 0.0452 level, if the pricecan 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

TradingLounge Analyst: Kittiampon Somboonsod

 

1287299704_TRXDay.thumb.png.5c18eded7f920b3440d62514533ec61e.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 14 December 2022,

Tron / U.S.dollar (TRXUSD)

TRXUSD Elliott WaveTechnical 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 theMA200 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.

1110882977_TRXH4.thumb.png.842f3c073b98ba9e0e95b292d3d4cae8.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • October can be a bit of a wild card for Solana. I’ve noticed it sometimes rallies if the broader crypto market is feeling optimistic, but there’s also been some volatility. Last year, for example, it had some nice gains, but I've also seen it drop unexpectedly due to market shifts. I think it’s smart to stay updated on the latest news and trends and keep an eye on market sentiment if you're thinking about investing.
    • If you’re eyeing Shiba Inu, I’d suggest doing a bit of homework first. I’ve dabbled in a few cryptos, and the market can be wild—prices can swing drastically in no time. I got into some projects based on hype before and learned the hard way about jumping in too quickly. If you really believe in Shiba Inu’s potential and have a solid plan, it might be worth a shot. 
    • Hey everyone, it’s a new week with bullish momentum. $TON is trading around $5.3 today, and with all the hype and momentum, do you think it could outperform Solana in the long run?   If there's potential, I’d suggest we consider accumulating gradually ahead of the bull run. One way to do this could be by exploring TON giveaways, such as the one currently on Bitget platform.   It’s part of a TON carnival offering multiple learning opportunities and a Learn-to-Earn activity, where you answer TON-related questions and receive freebies.   Overall, these opportunities within the TON ecosystem seem worth considering given the potential. What’s your take on it?
×
×
  • Create New...
us