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Elliott Wave Analysis TradingLounge Daily Chart, 27 June 2023.  

Binance/U.S. Dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: wave (3) of Zigzag

Details: Wave 5 is equal to Wave 1 at 219.7

Wave Cancel invalid level: 301.8

Binance/U.S. Dollar (BNBUSD) Trading Strategy: BNB is still in a downtrend. The decline of wave (3) corresponds to the price being below the MA200 line showing a clear downward trend. Generally, wave 5 subs within wave (3) is the same length as wave 1 at 219.7.

Binance/U.S. Dollar (BNBUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. Wave oscillator has a bearish momentum.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 27 June 2023.  

Binance/U.S. Dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: wave (3) of Zigzag

Details: Wave 5 is equal to Wave 1 at 219.7

Wave Cancel invalid level: 301.8

Binance/U.S. Dollar (BNBUSD) Trading Strategy: BNB is still in a downtrend. The decline of wave (3) corresponds to the price being below the MA200 line showing a clear downward trend. Generally, wave 5 subs within wave (3) is the same length as wave 1 at 219.7.

Binance/U.S. Dollar (BNBUSD)Technical Indicators: The price is below the MA200 indicating a downtrend. Wave oscillator has a bearish momentum.

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