Elliott Wave Technical Analysis: Binance Coin

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BNBUSD Elliott Wave Technical Analysis23 August 2022

Function: follow trend

Mode: motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher degrees: Vave | of Motive

Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)).
Wave Cancel invalid level: 243.5

Binance Coin (BNBUSD) Trading Strategy: Opportunity to join a short-term uptrend
Look for trades above 336.5

Binance Coin (BNBUSD) Technical Indicators: Throwback from the MA100, which is key support, and the RSI is signaling a Hidden Bullish divergence. There is a chance that the price will reverse up to test the MA200 again.

Elliott Wave Analysis TradingLounge 4H Chart, 23 August 2022,

Binance Coin (BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: follow trend

Mode: motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher degrees: Vave | of Motive

Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)).
Wave Cancel invalid level: 276.3

Binance Coin (BNBUSD) Trading Strategy: Opportunity to join a short-term uptrend.

Look for trades above 336.5.

Binance Coin (BNBUSD) Technical Indicators: The merger of the MA lines usually occurs at the tipping point of the price and the RSI is signaling a Hidden Bullish divergence. There is a chance that the price will reverse up above 336.5.


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Commodity Markets: Metals, Fuels, Energy - Elliott Wave View
Stock Market Daily News: Indices Still Have Room To Move Lower.

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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