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Binance Coin (BNBUSD) Elliott Wave Technical Analysis 23 August 2022


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Binance Coin (BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: follow trend

Mode: motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher degrees: Vave | of Motive

Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)).
Wave Cancel invalid level: 243.5

Binance Coin (BNBUSD) Trading Strategy: Opportunity to join a short-term uptrend
Look for trades above 336.5

Binance Coin (BNBUSD) Technical Indicators: Throwback from the MA100, which is
key support, and the RSI is signaling a Hidden Bullish divergence. There is a chance
that the price will reverse up to test the MA200 again.






Elliott Wave Analysis TradingLounge 4H Chart, 23 August 2022,

Binance Coin (BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: follow trend

Mode: motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher degrees: Vave | of Motive

Details: The increase in the fifth wave is usually 61.8% of Wave((1)) past Wave ((3)).
Wave Cancel invalid level: 276.3

Binance Coin (BNBUSD) Trading Strategy: Opportunity to join a short-term uptrend
Look for trades above 336.5

Binance Coin (BNBUSD) Technical Indicators: The merger of the MA lines usually
occurs at the tipping point of the price and the RSI is signaling a Hidden Bullish
divergence. There is a chance that the price will reverse up above 336.5.

2079519916_BNBH4.thumb.png.75678642039d72716f143f9d1bc300b5.png

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