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/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.

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