Jump to content

Biogen Inc.(BIIB:NASDAQ) Elliott Wave Technical Analysis 23 March 23

Recommended Posts

Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (BIIB:NASDAQ): Daily Chart, 23 March 23,

BIIB Stock Market Analysis: It has been moving as expected from the previous forecast as we seem to have found a bottom in wave C. Looking for upside resumption.  

BIIB Elliott Wave Count: Wave C of (2).

BIIB Technical Indicators: 200EMA as support.

BIIB Trading Strategy: Looking for further upside.  

TradingLounge Analyst: Alessio Barretta





Biogen Inc., BIIB: 4-hour Chart, 23 March 23,

Biogen Inc., Elliott Wave Technical Analysis

BIIB Stock Market Analysis: Here we see a potential leading diagonal into wave {i} and we could be seeing a pullback in wave {ii}. Looking to find support within the next trading session or else the count will be compromised.  

BIIB Elliott Wave count: Wave (c) of {ii}

BIIB Technical Indicators: Between the 20EMA.  

BIIB Trading Strategy: Looking for longs after a clear resumption of the uptrend.


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Join the BYDFi Demo Trade Profit Posting and grab your chance to share in a 10,000 USDT prize pool!  Show off your trading skills, post your profits, and let's see who comes out on top! Don't miss out on this chance to win big! 🎉
    • The #meme hype surrounding #Solana may have slowed down with the emergence of the Ton network, but it seems that the enthusiasm for Solana is not fading away entirely. While new networks like Ton are gaining attention, Solana has previously generated significant interest and wealth for investors. However, there are concerns about scammers exploiting the Solana network with various honeypot and rugpull schemes, leading some traders to explore other chains like Base and Ton. Despite the rise of Ton blockchain, a new Solana meme project associated with Pepe the Frog has started to gain traction. One such project, LandWolf, has already amassed over 5,000 active Telegram members and 5,000 Twitter followers, indicating early interest and community engagement. The project aims to unite Pepe fans with the broader crypto community, offering a unique value proposition. LandWolf's ability to secure listings on top-tier exchanges like Bitget showcases the developer's influence and the project's potential. Some enthusiasts have already dubbed $WOLF as the biggest meme coin on Solana, highlighting the ongoing interest and excitement within the Solana ecosystem.
    • Meme coins are cryptocurrencies inspired by internet jokes, like Dogecoin. They're inherently risky due to their extreme price swings. While some meme coins remain purely for fun, others are trying to develop actual uses in gaming or finance. These high-risk, high-reward investments often attract "degenerates" (or "degens") who chase quick profits by jumping into unproven projects without much research.   The potential for massive returns with meme coins can't be ignored, however. Dogecoin's 9800% surge in 2021 exemplifies this. A $100 investment could have turned into a life-changing $9800. This experience highlights the potential regret of focusing solely on "safe" investments with lower potential returns.   Taking inspiration from this, some experienced investors are now allocating a small portion of their portfolio to latest meme coins.one of the latest is Miggles listed on Bitget. This strategy allows them to potentially benefit from future bull runs while limiting their overall risk.
  • Create New...