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Binance/ U.S.dollar(BNBUSD) Elliott Wave Technical Analysis, 17 January 23


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Elliott Wave Analysis TradingLounge Daily Chart, 17 January 23,  

Binance/ U.S.dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive 

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave III of Motive

Details: Wave III is usually 1.618 x Wave I in length.

Wave Cancel invalid level: 220

Binance/ U.S.dollar(BNBUSD) Trading Strategy: Binance coin recovered well from the 220 level and could break the MA200 as a signal of weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a tendency toward the price target at the level of 568.

Binance/ U.S.dollar(BNBUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish.

TradingLounge Analyst: Kittiampon Somboonsod

 

974586496_BNBDay.thumb.png.b8d0a4ce70b28113133784ebdfe68a4f.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 17 January 23,

Binance/ U.S.dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave (1) of Motive

Details: wave 3 is usually the same length as 1.618 or 2.618 x Wave 1

Wave Cancel invalid level: 220

Binance/ U.S.dollar(BNBUSD) Trading Strategy: Binance coin recovered well from the 220 level and could break the MA200 as a signal of weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a tendency toward the price target at the level of 330

Binance/ U.S.dollar(BNBUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish.

706198873_BNBH4.thumb.png.11e77dedfdb470b028bf8378c23349a2.png

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