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Binance Coin(BNBUSD) Elliott Wave Technical Analysis 15 September 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 15 September 2022,

Binance Coin(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Direction Next higher degrees: Wave ((4)) of Motive Details: The fourth wave may have finished and the price is rising on the fifth wave.

Wave Cancel invalid level: 258.4
Binance Coin(BNBUSD) Trading Strategy: Bul ish's Efforts to Drive the Market Upward It tends to trade above 336.5 but not below 258.3, which could be an opportunity to open a long position.

Binance Coin(BNBUSD) Technical Indicators: MACD has a Hidden Bul ish divergence,the price has an opportunity reversal.

TradingLounge Analyst: Kittiampon Somboonsod

810470306_BNBDay.thumb.png.fabda9d706fb0dd04f43ad822ecdf86d.png

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 15 September 2022,

Binance Coin(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Fol ow trend
Mode: Motive
Structure: Impulse
Position: Wave (2)
Direction Next higher degrees: Wave ((5)) of Motive Details: The sub-wave of the fifth wave The price tends to trade above the 336.5 level, but not below 258.4.

Wave Cancel invalid level: 258.4
Binance Coin(BNBUSD) Trading Strategy: Bul ish's Efforts to Drive the Market Upward It tends to trade above 336.5 but not below 258.3, which could be an opportunity to open a long position.

Binance Coin(BNBUSD) Technical Indicators: MACD has a Bul ish divergence, MACD Histogram has a Hidden Bul ish divergence the price has an opportunity reversal.

331558246_BNBH4.thumb.png.4febbb510e3319714b273830343f48bc.png

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