TRON Crypto Price News Today Elliott Wave Technical Analysis – Monday, May 6

Elliott Wave Analysis TradingLounge Daily Chart
TRON/ U.S. dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position:  Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave IV  may be complete and the price increase again in Wave V.TRON/ U.S. dollar(TRXUSD)Trading Strategy:
Overall, TRON remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities to join the uptrend.TRON/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.Elliott Wave Analysis TradingLounge H4 Chart
TRON/ U.S. dollar(TRXUSD)
TRXUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure:  Zigzag
Position:  Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave IV  may be complete and the price increase again in Wave VTRON/ U.S. dollar(TRXUSD)Trading Strategy:
Overall, TRON  remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities to join the uptrend.TRON/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum. More By This Author:Navigating Market Trends: Elliott Wave Insights For NDX Tech Stocks
XAUUSD Commodity Elliott Wave Technical Analysis 
GBPUSD Forex Elliott Wave Technical Analysis