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Binance/ U.S. dollar(BNBUSD) Elliott Wave Technical Analysis 7 December 23


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Elliott Wave Analysis TradingLounge Daily Chart, 7 December 23,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid level:

Details: wave (2) may end at 224.0 and the price increase again in wave (3)

Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

feca9cc3427040ea28510d80ff99189b

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 7 December 23,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid level:

Details: wave (2) may end at 224.0 and the price increase again in wave (3)

Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3.

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

 

a15dbc48b7984afcbdd4004c507d23d1

 

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  • 3 weeks later...
On 07/12/2023 at 12:07, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 7 December 23,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid level:

Details: wave (2) may end at 224.0 and the price increase again in wave (3)

Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

feca9cc3427040ea28510d80ff99189b

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 7 December 23,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid level:

Details: wave (2) may end at 224.0 and the price increase again in wave (3)

Binance/ U.S. dollar(BNBUSD)Trading Strategy : Binance's recovery has been good, with five waves rising from the 202.8 level, giving us an overall bullish outlook. The correction is likely to end at the level of 222.6 and the price is entering another uptrend in wave 3.

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

 

a15dbc48b7984afcbdd4004c507d23d1

 

Holding since 230ish!

IMG_20231224_080351.jpg

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