07Dec

Binance/ U.S. dollar(BNBUSD) Elliott Wave Technical Analysis 7 December 23

Elliott Wave Analysis TradingLounge Daily Chart, 7 December 23,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid level:

Details: wave (2) may end at 224.0 and the price increase again in wave (3)

Binance/ U.S. dollar(BNBUSD)Trading Strategy: Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3.

Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

BNBUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 7 December 23,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid level:

Details: wave (2) may end at 224.0 and the price increase again in wave (3)

Binance/ U.S. dollar(BNBUSD)Trading Strategy: Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3.

Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillators a Bullish Momentum.

BNBUSD-4Hr-Crypto-Ch...

Related

Hang Seng Index Elliott Wave Technical Analysis: Elliott Wave Insights for Daily and Weekly Market Trends

Hang Seng Index Elliott Wave Technical Analysis: Elliott Wave Insights for Daily and Weekly Market Trends

Gain in-depth insights into the Hang Seng Index through our Elliott Wave analysis of both daily and ...

Read More >
Understand how Elliott Wave Theory Applies to DIS Stock's Future Trajectory: The Walt Disney Co. Technical Analysis

Understand how Elliott Wave Theory Applies to DIS Stock's Future Trajectory: The Walt Disney Co. Technical Analysis

Explore an in-depth Elliott Wave analysis of The Walt Disney Co. (DIS), highlighting current price m...

Read More >
Mastering Market Movements: Navigating Dips with Elliott Wave Analysis for Optimized Trading Strategies

Mastering Market Movements: Navigating Dips with Elliott Wave Analysis for Optimized Trading Strategies

This video provides an insightful update on Elliott Wave Analysis, focusing on the impact of a posit...

Read More >
DOGEUSD Elliott Wave Technical Analysis TradingLounge Daily Chart, 12 October 23

DOGEUSD Elliott Wave Technical Analysis TradingLounge Daily Chart, 12 October 23

DOGEUSD Elliott Wave TradingLounge Technical Analysis - DOGEUSD Elliott Wave Analysis Daily Chart, E...

Read More >
Detailed Insights into the Palo Alto Networks Inc.Stock Performance: PANW Stocks Elliott Wave Technical Analysis

Detailed Insights into the Palo Alto Networks Inc.Stock Performance: PANW Stocks Elliott Wave Technical Analysis

Our latest Elliott Wave analysis of Palo Alto Networks Inc. (PANW) offers detailed insights into the...

Read More >
Exxon Mobil Corp.(XOM:NYSE) Elliott Wave Technical Analysis 24 October 23

Exxon Mobil Corp.(XOM:NYSE) Elliott Wave Technical Analysis 24 October 23

Exxon Mobil Corp.(XOM: NYSE) Elliott Wave Technical Analysis 4-hour chart and 1-hour chart for 24 Oc...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on