BNB/USD Elliott Wave technical analysis [Video]

BNB/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave 3.

Direction Next higher Degrees: Wave (3)).

Wave Cancel invalid level: 287.5.

Details: Wave 3 is equal to 261.8% of wave 1 at 592.8.

BNB/USD trading strategy

BNB is still in an uptrend. and there is still an opportunity to continually increase In the increase of Wave 3, there is a chance to test the 717.0 level because the internal sub-waves of Wave 3 are not complete yet, causing the price to still have a chance to move higher.

Binacecoin/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

BNB/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave 3.

Direction next higher degrees: wave (3)).

Wave cancel invalid level: 287.5.

Details: Wave 3 may be complete and prices are corrected in wave 4.

BNB/USD trading strategy

BNB is still in an uptrend. and there is still an opportunity to continually increase In the increase of Wave 3, there is a chance to test the 717.0 level because the internal sub-waves of Wave 3 are not complete yet, causing the price to still have a chance to move higher.

Binacecoin/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

BNB/USD Elliott Wave technical analysis [Video]