Elliott Wave Analysis TradingLounge
Binancecoin/ U.S. dollar(BNBUSD)
BNB/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave A.
Direction next higher degrees: Wave (2).
Details: Retracement of wave A before Pull-back in wave B.
Binancecoin/US Dollar (BNB/USD) trading strategy: Wave (1) appears to have ended and price is now entering a correction phase in wave (2), so wait for the correction to complete to rejoin the trend.
Binancecoin/US Dollar (BNB/USD) technical indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
BNB/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave A.
Direction next higher degrees: Wave (2).
Details: Retracement of wave A before Pull-back in wave B.
Binancecoin/ US Dollar (BNB/USD) trading strategy: Wave (1) appears to have ended and price is now entering a correction phase in wave (2), so wait for the correction to complete to rejoin the trend.
Binancecoin/US Dollar (BNB/USD) technical indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Binance Coin Elliott Wave technical analysis [Video]
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