Elliott Wave Analysis TradingLounge.
Binance/ U.S. dollar(BNBUSD).
BNB/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Double Corrective.
Position: Wave ((Y)).
Direction next higher degrees: Wave 2.
Wave cancel invalid level:
Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.
Binance/ U.S. dollar(BNBUSD)Trading Strategy:
The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 2 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Binance/ U.S. dollar(BNBUSD)
BNB/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave (3).
Direction next higher degrees: Wave ((3)) of Impulse.
Wave cancel invalid level:
Details: Wave 3 is likely to be 161.8% of wave 1.
Binance/ U.S. dollar(BNBUSD)Trading Strategy:
The correction in wave 2I seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Technical analyst: Kittiampon Somboonsod.
BNB/USD Elliott Wave technical analysis [Video]
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