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Elliott Wave Analysis TradingLounge Daily Chart,

Binance / U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((v))

Direction Next higher Degrees: wave 3

Wave Cancel invalid level: 287.5

Details: Wave ((V)) is equal to wave ((1) at 734.4

Binance / U.S. dollar(BNBUSD)Trading Strategy:

Binance is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 734.4 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, and The Wave Oscillator has a Bullish Momentum.

Elliott Wave Analysis TradingLounge 4Hr Chart,

Binance / U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((v))

Direction Next higher Degrees: wave 3

Wave Cancel invalid level: 287.5

Details: Wave ((V)) is equal to wave ((1) at 734.4

Binance / U.S. dollar(BNBUSD)Trading Strategy:

Binance is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 734.4 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, and The Wave Oscillator has a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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