Jump to content

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


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 27 June 23,  

Binance/U.S.dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: wave (3) of Zigzag

Details: Wave 5 is equal to Wave 1 at 219.7

Wave Cancel invalid level: 301.8

Binance/U.S. dollar (BNBUSD)Trading Strategy: BNB is still in a downtrend. The decline of wave (3) corresponds to the price being below the MA200 line showing a clear downward trend. Generally, wave 5 subs within wave (3) is the same length as wave 1 at 219.7.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

BNBDay.thumb.png.4a9dd1cdca1e4c94e9e2c59e3671d81e.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 27 June 23,  

Binance/U.S.dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: wave (3) of Zigzag

Details: Wave 5 is equal to Wave 1 at 219.7

Wave Cancel invalid level: 301.8

Binance/U.S. dollar (BNBUSD)Trading Strategy: BNB is still in a downtrend. The decline of wave (3) corresponds to the price being below the MA200 line showing a clear downward trend. Generally, wave 5 subs within wave (3) is the same length as wave 1 at 219.7.

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

BNBH4.thumb.png.ce61604bbcc3a978596c03ba7ef17428.png

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
  • General Statistics

    • Total Topics
      22,982
    • Total Posts
      95,297
    • Total Members
      43,586
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    aroyi
    Joined 22/09/23 03:49
  • Posts

    • Hi @Sureforex Thanks for sharing a great post.   All the best - MongiIG
    • Additionally, you can explore SMM services, which offer the cheapest instagram comments and followers. This can expand your audience and drive traffic to your website through your Instagram page. By diversifying your approach, you can strengthen your online presence and attract more users to your site. 
    • Some indices in Asia saw a modest rebound, but the ASX200 and Nikkei continued to fall, following on from yet more heavy losses in the US. Stocks continue to take a battering from the realisation that the Fed would leave US rates at their current levels for a longer period than previously thought, leading to a reversal in equities and a resumption of the losses seen in the early part of September. Today's data is dominated by flash PMIs from around the globe, in the wake of a Bank of Japan statement that left policy unchanged and maintained its dovish outlook. While US futures have recovered slightly, European markets seem set for a choppy open.  
×
×
  • Create New...
us