Binance Elliott Wave technical analysis [Video]
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Elliott Wave Binance daily chart:
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:
It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 2 uptrend.
Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum.
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Elliott Wave Binance four-hour chart:
Binance / U.S. dollar (BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
position: Wave C
Direction Next higher Degrees: wave (2)
Wave Cancel invalid level:
Details: Wave (2) is likely to end and the price is re-entering the uptrend.
Binance / U.S. dollar(BNBUSD)Trading Strategy:
It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.
Binance / U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Binance [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.
