BNBUSD Elliott Wave Analysis - TradingLounge Day Chart
Binance/ U.S. Dollar (BNBUSD) Pair Day Chart Analysis
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:
Details: The decline of wave Y is nearing its completion, indicating the price may soon re-enter the uptrend.
BNBUSD Trading Strategy
The corrective phase in wave ((2)) appears to have concluded, and the focus is shifting toward the anticipated five-wave rally in wave 3. The price is expected to test the 913 level. Price action remains in an overall uptrend, and traders should be watching for opportunities to re-enter the trend.
BNBUSD Technical Indicators
BNBUSD Elliott Wave Analysis - TradingLounge 4-Hour Chart
Binance/ U.S. Dollar (BNBUSD) Pair 4-Hour Chart Analysis
BNBUSD Crypto Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next Higher Degree: Wave ((3)) of Impulse
Wave Cancel Invalid Level:
Details: Wave 3 is projected to extend to 161.8% of wave 1.
Binance/ U.S. Dollar Trading Strategy
The correction in wave ((2)) has likely ended, and attention now turns to the five-wave rally of wave 3. The price is expected to test the 913 level. As the uptrend continues, traders should seek re-entry points into the prevailing trend.
Binance/ U.S. Dollar Technical Indicators
Technical Analyst: Kittiampon Somboonsod
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