Binance Crypto Price News Today Elliott Wave Technical Analysis - Monday, September 23
Elliott Wave Analysis TradingLounge Daily Chart,
Binance/ U.S. dollar(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
position: Wave ((Y))
Direction Next higher Degrees: wave 2
Wave Cancel invalid level:
Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.
Binance/ U.S. dollar(BNBUSD)Trading Strategy:
It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
(Click on image to enlarge)
Elliott Wave Analysis TradingLounge H4 Chart,
Binance/ U.S. dollar(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
position: Wave C
Direction Next higher Degrees: wave (2)
Wave Cancel invalid level:
Details: Wave (2) is likely to end and the price is re-entering the uptrend.
Binance/ U.S. dollar(BNBUSD)Trading Strategy:
It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
(Click on image to enlarge)
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