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Binance/U.S. dollar(BNBUSD) Elliott Wave Technical Analysis 1 September 23


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Elliott Wave Analysis TradingLounge Daily Chart, 1 September 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 ((C)) of Zigzag

Wave Cancel invalid level:

Binance/U.S. dollar(BNBUSD) Trading Strategy: A three-wave increase from the level of 203.4 with the appearance of a correction. It is important evidence that the downtrend is not yet over. Therefore, we expect a decline in wave (5) to complete wave ((C)) and the price remains below MA200, making the overall picture still stable. in a downtrend.

Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, MACD and RSI bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

BNBDay.thumb.png.27b1f8b9f34e5822d011769a3e09c27f.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 1 September 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 ((C)) of Zigzag

Wave Cancel invalid level: 

Details: Five-wave extension of wave C is likely to be below 203.4

Binance/U.S. dollar(BNBUSD)Trading Strategy: A three-wave increase from the level of 203.4 with the appearance of a correction. It is important evidence that the downtrend is not yet over. Therefore, we expect a decline in wave (5) to complete wave ((C)) and the price remains below MA200, making the overall picture still stable. in a downtrend.

Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, MACD and RSI bearish momentum.

BNBH4.thumb.png.a5f983ec1f03f0d4839f89343a4ff70f.png

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Despite a shaky season for crypto, especially exchange tokens like BNB, KCS, and a few others, The Bitget BGB stands resilient with minor losses and increased volume.
BGB is the future.
This unique gem is the native token on the best Copy trading platforms and regulatory compliance exchange ecosystems in Web3.

U.S. job data shows a rise in unemployment but hints the FED might not hike interest rates.🤔Grayscale's win signals hope for U.S. spot Bitcoin ETFs might just be what the BNBUSD needs to reclaim its top position

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