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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:

It looks like Wave IV has finished correcting and the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0734.4 level before correcting again.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H 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:

It looks like Wave IV has finished correcting and the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0734.4 level before correcting again.

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

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