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
×
×
  • Create New...
us