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Binance/U.S. dollar(BNBUSD) Elliott Wave Technical Analysis 19 September 23


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Elliott Wave Analysis TradingLounge Daily Chart, 19 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: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83

Binance/U.S. dollar(BNBUSD)Trading Strategy: the overview downtrend of Binance does not end, by the price still below MA200, MA50 Line and Wave ((C)) is not complete, we look for the price at below 203.4

Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is a below the MA200 indicating a downtrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

BNBDay.thumb.png.00db7ba9e7f47aee9a03a584be69e2af.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 19 September 23,

Binance/U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave 4

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

Wave Cancel invalid level: 234.8

Details: the Movement within a triangle pattern

Binance/U.S. dollar(BNBUSD)Trading Strategy: the overview downtrend of Binance does not end, by the price still below MA200, MA50 Line and Wave ((C)) is not complete, we look for the price at below 203.4

Binance/U.S. dollar(BNBUSD)Technical Indicators: TThe price is a below the MA200 indicating a downtrend, RSI is a Overbought.

BNBH4.thumb.png.a3abcd84f16f81d863ff454555ce2490.png

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    • Sounds like you are looking at the ask price, or the mid price. I don't have access to the 10sec data at that time, but the 1 minute candle had a low at 7947.7. Ask low was 7954.7. So I guess you had a long position; in this case look at the bid price to see what is going on.
    • What really caught my eye about ChatAI is the way it aims to go beyond the limitations of traditional social media platforms. Instead of relying on text-based or voice-based interactions alone, this project is designed to support multimodal communication, allowing users to engage through a variety of formats like text, voice, and images. ChatAI is positioning itself as a revolutionary social application that combines advanced AI capabilities with the power of decentralized technology. The core idea is to open up a new era of social interaction by leveraging cutting-edge natural language processing (NLP) to enable smooth and efficient communication. But it's not just about the technical capabilities - ChatAI also seems to have a strong focus on personalization and continuous learning. The platform is built to continuously optimize its performance based on user data, adapting to individual preferences and enhancing the overall user experience over time. I was really excited to hear the news that the ChatAI (CHATAI) token is now listed on the Bitget cryptocurrency exchange. As someone who is deeply interested in the intersection of artificial intelligence, web3 technology, and social media, this listing feels like a significant milestone for the project.
    • I could remember what happened to Binance & kucoin. This might be another slap in the face of SEC but who knows, let's see how this unfolds. 
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