Daily Chart Elliott Wave Analysis

Binance/ U.S. dollar(BNBUSD)

Function: Counter Trend

Mode: Corrective

Structure: Triangle

position: Wave 4

Direction Next higher Degrees: wave (III)

Wave Cancel invalid level: 

Details: Lateral expansion with a Triangle pattern

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

A five-wave increase in an Impulse pattern, with the fourth wave developing into a Triangle pattern, before prices rose again during the fifth wave. The overall picture therefore increased again. Look for opportunities to join the uptrend after the correction is completed.

Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, the Wave Oscillator is a Bearish Momentum.

H4 Chart Elliott Wave Analysis 

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

position: Wave ((E))

Direction Next higher Degrees: wave 4 of (3)

Wave Cancel invalid level: 

Details: Movement within the Triangle pattern before increasing again.

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

A five-wave increase in an Impulse pattern, with the fourth wave developing into a Triangle pattern, before prices rose again during the fifth wave. The overall picture therefore increased again. Look for opportunities to join the uptrend after the correction is completed.

Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, the Wave Oscillator is a Bearish Momentum.

Technical Analyst : Kittiampon Somboonsod

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