Jump to content

Binance Crypto Price News Today Elliott Wave Technical Analysis


Recommended Posts

Posted

Elliott Wave Analysis TradingLounge

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

position: Wave ((Y))

Direction Next higher Degrees: wave 2

Wave Cancel invalid level:

Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.

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

The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 2 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

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.af5379f87837e3eac9207f35819fa63b.png

Binance/ U.S. dollar(BNBUSD)

BNBUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Impulse

Wave Cancel invalid level:

Details: Wave 3 is likely to be 161.8% of wave 1.

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

The correction in wave 2I seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

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.2d48fd5ba033966fc28c7b4ec23ffa9c.png

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Movement (MOVE) introduces the first MEVM (Move + EVM) ZK Layer 2 solution on Ethereum. It combines the security of MoveVM with Ethereum’s liquidity and user base.     Key Highlights: Lightning-fast speeds: 145,000 TPS Subsecond finality with low gas fees Secure, cost-effective smart contracts     Could this be the future of blockchain scalability? You can join as we explore on BingX.
    • Bitcoin has reached an unprecedented $104,000, marking a significant moment in its history. The surge is attributed to institutional adoption, such as BlackRock’s Bitcoin ETF success, positive geopolitical developments, and the deflationary effects of Bitcoin's halving cycle. These factors underscore Bitcoin’s growing importance as a global store of value and financial tool.   Fractal Bitcoin complements this growth by expanding Bitcoin’s scalability while adhering to its core principles of decentralization and transparency. The bullish momentum of its FB token, backed by it's active community got the project to be bullish, and since after it's listing the price of FB in the market has been performing extremely well, and most investors in the community are using their DCA strategy to ape more tokens.   FB is trading on bingx spot market, coupled by an ongoing carnival event that will be shared among traders that consists of 1,666 tokens for the community bullish and have decided to get their hands on some free tokens. Use this link to trade FB Trade $FB here.  
    • With Bitcoin finally surpassing the much awaited $100k hallmark, all indication points to the much-awaited bull-run. I attended an X space recently and one of the speakers highlighted that the bull-run has already started when Bitcoin surpassed it previous ATH. He noted that is normal for many people not to notice it since Eth is yet to reclaim Ath but with the like of Sol, BNB, BGB and setting a new all-time high show make it clearer. He highlights that the most surprising token was BGB, which rose from $0.5 to $2.7 and still showing signs of hitting $5. He made few assumptions that made the token achieve that hallmark before swiftly making some bold predictions that once Eth reclaim ATH then we should expect much volatility in the industry . One of the speaker claimed that the bull cycle is always short while the bear cycle is mostly longer. He said that Bitcoin normally set an all time high after swearing in of new US presidential candidate and he predicted that with the new president full support for Crypto we might see the longest bear market in the history. I have seen a lot of predictions that the mother token could hit over $200k in 2025 but what factors could push this.
×
×
  • Create New...
us