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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