TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Binance Elliott Wave technical analysis [Video]

Binance Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart,

BNB/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Triangle.

Position: Wave ((D)).

Direction next higher degrees: wave 4.

Wave cancel invalid level: 508.

Details: Wave 4 may be complete and the Price increase again in Wave 5.

Binance/ U.S. dollar (BNBUSD) trading strategy: The rise of the fifth wave in the Impulse pattern, which is subdivided into five waves. Currently, waves ((1)) and ((2)) are completed, the price is rising in wave ((3)). Therefore, the price There is a chance of continuing to increase above the level of 617.

Binance/ U.S. dollar (TRXUSD) technical indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

BNBUSD

BNB/USD Elliott Wave analysis four-hour chart

Function: Counter Trend.

Mode: Corrective.

Structure: Triangle.

Position: Wave ((D)).

Direction next higher degrees: Wave 4.

Wave cancel invalid level: 508.

Details: Wave 4 may be complete and the Price increase again in Wave 5.

Chart

Binance Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

More from Peter Mathers
Share:

Editor's Picks

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano price extends a steady near-term recovery on Monday, inching closer to the long-term 200-day EMA near $0.2464. The recent partnership with Mastercard and the Leios upgrade testing lift ADA investors' spirits. The technical outlook for ADA shows an upside bias as bullish momentum recovers.

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Bitcoin is trading above $81,000 holding firm after a 6% surge on Friday, linked to US financial watchdogs' efforts to structure crypto assets under existing rules following the CLARITY Act's failure to advance. Venice and NEAR Protocol have posted double-digit gains over the last 24 hours, scaling to fresh annual highs.

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Bitcoin, Ethereum, and Ripple extend their gains after posting strong gains of over 5%, 6% and 5%, respectively, last week. BTC trades above $81,300, ETH climbs above $2,600, and XRP holds above the key $1.300 support level. All three momentum indicators suggest early bullish momentum and hint at further gains ahead.

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin (BTC) rose above $81,000 on Friday after climbing back above the True Market Mean, signaling that the market could potentially have moved back into a bullish regime. The True Market Mean, at $76,660, represents the average price paid by active trading participants. BTC’s move back above the level often signals a return to bullish territory and can trigger positive short-term sentiment.
Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.