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

GBPAUD Elliott Wave Technical Analysis: Corrective Wave 2, Retracement Dynamics, Invalidation Levels, and Trading Strategies Explained

GBPAUD Elliott Wave Technical Analysis: Corrective Wave 2, Retracement Dynamics, Invalidation Levels, and Trading Strategies Explained

Unlock expert insights into GBPAUD Elliott Wave analysis, focusing on corrective wave 2 within the l...

Read More >
S&P/ASX 200 Index Elliott Wave Technical Analysis: XJO Trends, Forecasts, and Investment Strategies

S&P/ASX 200 Index Elliott Wave Technical Analysis: XJO Trends, Forecasts, and Investment Strategies

Discover expert insights on S&P/ASX 200 trading and investing with in-depth Elliott Wave analysis, X...

Read More >
CIPLA Elliott Wave Technical Analysis: Stock Forecast, Trend Outlook, Price Target, Support & Resistance for Smarter Trading Decisions

CIPLA Elliott Wave Technical Analysis: Stock Forecast, Trend Outlook, Price Target, Support & Resistance for Smarter Trading Decisions

CIPLA stock analysis provides an in-depth look at Elliott Wave counts, highlighting trend direction,...

Read More >
Eicher Motors Elliott Wave Technical Insights: Navigating Bearish Trends and Market Forecasts

Eicher Motors Elliott Wave Technical Insights: Navigating Bearish Trends and Market Forecasts

Eicher Motors has entered a potential bearish trend as indicated by Elliott Wave analysis. With deta...

Read More >
Britannia Industries Elliott Wave Technical Analysis: Price Prediction, Support & Resistance Levels and Share Price Forecast

Britannia Industries Elliott Wave Technical Analysis: Price Prediction, Support & Resistance Levels and Share Price Forecast

Britannia Industries has undergone a significant five-wave impulse decline from its 6450 high. A cor...

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