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Binance Coin/U.S.dollar(BNBUSD) Elliott Wave Technical Analysis 12 June 23


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Elliott Wave Analysis TradingLounge Daily Chart, 12 June 23,  

Binance Coin/U.S.dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((C)) of Zigzag

Details: Wave 3 is equal to 2.618 x Wave 1 at 217.7

Wave Cancel invalid level: 349.8

Binance Coin/U.S.dollar(BNBUSD)Trading Strategy: BNB continues to remain in a downtrend. The decrease in wave 3 corresponds to the price being below the MA200 line, showing a clear downward trend. Wave 3 is usually 2.618 x wave 1 in length.

Binance Coin/U.S.dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

BNBDay.thumb.png.6cf878185c35d0cb26d2bf77e0527e04.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 12 June 23,  

Binance Coin/U.S.dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((C)) of Zigzag

Details: Wave 3 is equal to 2.618 x Wave 1 at 217.7

Wave Cancel invalid level: 349.8

Binance Coin/U.S.dollar(BNBUSD)Trading Strategy: BNB continues to remain in a downtrend. The decrease in wave 3 corresponds to the price being below the MA200 line, showing a clear downward trend. Wave 3 is usually 2.618 x wave 1 in length.

Binance Coin/U.S.dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bullish momentum.

BNBH4.thumb.png.f79d8f8f1583ed42867991784a575d52.png

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