BNBUSD Elliott Wave Analysis | TradingLounge Daily Chart
Binance/ U.S. Dollar Daily Chart Analysis
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave 4
Direction Next Higher Degree: Wave (III)
Wave Cancel Invalid Level:
Details: Lateral expansion with a Triangle pattern
Binance/ U.S. Dollar (BNBUSD) Trading Strategy:
A five-wave increase in an Impulse pattern, with the fourth wave developing into a Triangle pattern, before prices rose again during the fifth wave. The overall picture suggests an increase again. Look for opportunities to join the uptrend after the correction is completed.
Binance/ U.S. Dollar (BNBUSD) Technical Indicators:
- The price is below the MA200 indicating a downtrend.
- The Wave Oscillator shows Bearish Momentum.
BNBUSD Elliott Wave Analysis | TradingLounge H4 Chart
Binance/ U.S. Dollar Pair Chart Analysis
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave ((E))
Direction Next Higher Degree: Wave 4 of (3)
Wave Cancel Invalid Level:
Details: Movement within the Triangle pattern before increasing again.
Binance/ U.S. Dollar Crypto Pair Trading Strategy:
A five-wave increase in an Impulse pattern, with the fourth wave developing into a Triangle pattern, before prices rose again during the fifth wave. The overall picture suggests an increase again. Look for opportunities to join the uptrend after the correction is completed.
Binance/ U.S. Dollar pair Technical Indicators:
- The price is below the MA200 indicating a downtrend.
- The Wave Oscillator shows Bearish Momentum.
Technical Analyst: Kittiampon Somboonsod
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