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Binance/U.S. dollar(BNBUSD) Elliott Wave Technical Analysis 9 October 23


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Elliott Wave Analysis TradingLounge Daily Chart, 9 October 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





Elliott Wave Analysis TradingLounge 4H Chart, 9 October 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: The price is a below  the MA200 indicating a downtrend,  RSI is a Bullish Momentum.

BNBH4.thumb.png.3aa919987b128b748c8d5c41b41b054e.png

BNB Day.png

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