BNBUSD Elliott Wave Analysis: TradingLounge Daily Chart
Binance/U.S. Dollar (BNBUSD) Crypto Daily Chart Analysis
BTCUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next Higher Degree: Wave (2)
Wave Cancel Invalid Level: Not specified
Details: Wave (2) appears to be ending, with the price re-entering an uptrend.
Binance/U.S. Dollar (BNBUSD) Trading Strategy:
The correction phase in wave ((2)) seems to have concluded. Our focus shifts towards the anticipated five-wave rally in wave 3, with the price likely testing the 913 level. The overall price action signals an uptrend, and we anticipate a re-entry into the bullish trend.
Binance/U.S. Dollar (BNBUSD) Technical Indicators:
- The price is trading above the MA200, indicating a strong uptrend.
- The Wave Oscillator is displaying bullish momentum.
BNBUSD Elliott Wave Analysis: TradingLounge 4-Hour Chart
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next Higher Degree: Wave 2
Wave Cancel Invalid Level: Not specified
Details: The downward movement in wave Y is likely coming to an end, with the price starting to re-enter an uptrend.
Binance/U.S. Dollar (BNBUSD) Trading Strategy:
The corrective phase in wave ((2)) appears to have finished. We are now focusing on the potential five-wave rally in wave 3, with the price forecasted to test the 913 level. The price continues to show upward momentum, signaling a possible re-entry into the trend.
Binance/U.S. Dollar (BNBUSD) Technical Indicators:
Technical Analyst: Kittiampon Somboonsod
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