BNBUSD Elliott Wave Analysis - TradingLounge Daily Chart
Binance Coin / U.S. Dollar (BNBUSD) Daily Chart Analysis
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next Higher Degrees: Wave (4)
Wave Cancel Invalid Level:
Details: The correction occurred in Wave 4 before increasing again in Wave 5.
Binance Coin / U.S. Dollar (BNBUSD) Trading Strategy:
The third wave appears to have ended at the 720.6 level, with the price now entering a correction phase in the fourth wave. This short-term pullback is likely before the price increases again in the fifth wave. Hence, the overall trend remains upward. Seek opportunities to rejoin the trend after the correction completes.
Binance Coin / U.S. Dollar (BNBUSD) Technical Indicators:
The price is below the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
BNBUSD Elliott Wave Analysis - TradingLounge H4 Chart
Binance Coin / U.S. Dollar 4-Hour Chart Analysis
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next Higher Degrees: Wave (4)
Wave Cancel Invalid Level:
Details: The correction occurred in Wave 4 before increasing again in Wave 5.
Binance Coin / U.S. Dollar (BNBUSD) Trading Strategy:
The third wave appears to have ended at the 720.6 level, with the price now entering a correction phase in the fourth wave. This short-term pullback is likely before the price increases again in the fifth wave. Hence, the overall trend remains upward. Seek opportunities to rejoin the trend after the correction completes.
Binance Coin / U.S. Dollar (BNBUSD) Technical Indicators:
The price is below the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Technical Analyst: Kittiampon Somboonsod
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