Binance Elliott Wave technical analysis [Video]
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BNB/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((v)).
Direction next higher degrees: Wave 3.
Wave cancel invalid level: 287.5.
Details: Wave ((V)) is equal to wave ((1) at 734.4.
BNB/USD trading strategy
Binance is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 734.4 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.
Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge 4Hr Chart,
Binance/U.S. dollar(BNBUSD).
BNB/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((v)).
Direction next higher degrees: Wave 3.
Wave cancel invalid level: 287.5.
Details: Wave ((V)) is equal to wave ((1) at 734.4.
BNB/USD trading strategy
Binance is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 734.4 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.
Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
BNB/USD Elliott Wave technical analysis [Video]
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
