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Elliott Wave Analysis - TradingLounge Daily Chart, Binance / U.S. Dollar (BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Trend Following

Mode: Motive

Structure: Impulse

Position: Wave 3

Next Higher Degree Direction: Wave IV of Impulse

Wave Invalidation Level: Not specified

Trading Strategy – BNBUSD (Binance / U.S. Dollar)
BNB shows momentum growth after breaking out from a Triangle IV pattern. The breakout above the triangle’s resistance line (E–D–C–B–A) signals a start of Wave (3), usually the strongest part of a trend.

Trading Strategies
✅ For Swing Traders:

Look to buy during sub-wave 4 pullback inside wave (3).

Target Range: $1,306.24, based on post-triangle thrust projection.

🟥 Risk Management:

Place Stop Loss around $605–$625 to handle volatility.

Elliott Wave Analysis - TradingLounge H4 Chart, Binance / U.S. Dollar (BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Trend Following

Mode: Motive

Structure: Impulse

Position: Wave 3

Next Higher Degree Direction: Wave IV of Impulse

Wave Invalidation Level: Not specified

Trading Strategy – BNBUSD (Binance / U.S. Dollar)
BNB completed correction wave (2) near Fibonacci 0.5–0.618 ($636–$624). Following this, price surged in wave (3), confirming with a strong breakout above the upper channel.

Trading Strategies
✅ For Swing Traders:

Use the $640–$650 area as a base to accumulate during wave (3).

Profit Target: $750–$785 per Fibonacci projections.

🟥 Risk Management:

Set Stop Loss below $620 for risk control.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
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