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Binance Crypto Price News Today Elliott Wave Technical Analysis


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Elliott Wave Analysis TradingLounge Daily Chart,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave ((D))

Direction Next higher Degrees: wave 4

Wave Cancel invalid level: 508

Details: Correction in Triangle pattern before rising again in Wave 5.

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

The short-term correction in Wave 4 with the Triangle pattern continues. Because there is still another decrease in wave E before an increase in wave 5, so wait for the correction to complete to look for opportunities to join the trend again.

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

 

Crypto24(1).thumb.png.40d92a09a503d058cc21bec3cf9c3a72.png

 

 

Elliott Wave Analysis TradingLounge H4 Chart,

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave ((D))

Direction Next higher Degrees: wave 4

Wave Cancel invalid level: 508

Details: Correction in Triangle pattern before rising again in Wave 5.

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

The short-term correction in Wave 4 with the Triangle pattern continues. Because there is still another decrease in wave E before an increase in wave 5, so wait for the correction to complete to look for opportunities to join the trend again.

Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

 

Crypto24.thumb.png.f0cf041e843c6be3ad8cb9748c49e639.png

 

 

 

Technical Analyst : Kittiampon Somboonsod

 

Source : Tradinglounge.com get trial here!

 

Link to comment

"📈 Today's Binance Crypto Price News 📉

Elliott Wave Analysis Alert! 🚀

Our analysts have conducted a detailed Elliott Wave Technical Analysis on Binance cryptocurrency prices. The analysis reveals exciting patterns and potential price movements. 📊💹

 

🔍 Dive into our latest report to discover:

Key support and resistance levels

Potential wave counts

Short-term and long-term price targets

 

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