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Binance Coin / U.S. dollar(BNBUSD) Elliott Wave Technical Analysis 9 February 24


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Elliott Wave Analysis TradingLounge Daily Chart, 9 February 24,

Binance Coin / U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave 4

Direction Next higher Degrees: wave ((1)) of Impulse

Wave Cancel invalid level: 202.8

Details: the corrective of Wave 4 maybe is complete and the price increase again in Wave 5

Binance Coin / U.S. dollar(BNBUSD)Trading Strategy:

Another rise of wave (5) after the end of wave (4) with a price target of 372.1 level, which is 0.618 of the length of wave (1) to wave (3). Therefore, overall, Binance is still in an uptrend and price. It can still be increased.

Binance Coin / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

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Elliott Wave Analysis TradingLounge 4H Chart, 9 February 24,

Binance Coin / U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave 4

Direction Next higher Degrees: wave ((1)) of Impulse

Wave Cancel invalid level: 202.8

Details: the corrective of Wave 4 maybe is complete and the price increase again in Wave 5

Binance Coin / U.S. dollar(BNBUSD)Trading Strategy:

Another rise of wave (5) after the end of wave (4) with a price target of 372.1 level, which is 0.618 of the length of wave (1) to wave (3). Therefore, overall, Binance is still in an uptrend and price. It can still be increased.

Binance Coin / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

 

bc8947e31cff1e3878db8b88975eb1ae

 

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