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Binance/U.S.dollar(BNBUSD) Elliott Wave Technical Analysis 27 April 23


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Elliott Wave Analysis TradingLounge Daily Chart, 27 April 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 (I) of Motive
Details: Wave 3 is equal to 1.618 multiplied  Length of wave 1  at 568.8
Wave Cancel invalid level: 220

Binance/U.S.dollar(BNBUSD) Trading Strategy: The second wave retracement tends to be .618 of the first wavelength. Therefore, there is important support around 270, waiting for the correction to complete to consolidate the trend.


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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA








Elliott Wave Analysis TradingLounge 4H Chart, 27 April 23,  
Binance/U.S.dollar(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave Y
Direction Next higher Degrees: wave (2) of Motive
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Wave Cancel invalid level: 265.0

Binance/U.S.dollar(BNBUSD) Trading Strategy: The second wave retracement tends to be .618 of the first wavelength. Therefore, there is important support around 270, waiting for the correction to complete to consolidate the trend.

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

BNBH4.thumb.png.2813c936809058c311b2dc2b6ba47eb8.png

BNB Day.png

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