Binance/ U.S.dollar(BNBUSD) Elliott Wave Technical Analysis 19 January 23
@TradingLounge：
Elliott Wave Analysis TradingLounge Daily Chart, 19 January 23, Binance/ U.S.dollar(BNBUSD)BNBUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave III of Motive Details: Wave III is usually 1.618 x Wave I in length. Wave Cancel invalid level: 183.4 Binance/ U.S.dollar(BNBUSD)Trading Strategy : Binance coin has recovered well from the 220 level and managed to break the MA200, signaling the weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a trend towards the price target at level 568, but even so, this is only the beginning of an uptrend. Price may be reversed before rising again Binance/ U.S.dollar(BNBUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators above Zero-Line momentum are bullish TradingLounge Analyst: Kittiampon Somboonsod Source :Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 19 January 23, 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 (4) of Motive Details: Wave (4) usually retraces 32.8% of wave 3. when ends the price increase again in wave (5) Wave Cancel invalid level: 254 Binance/ U.S.dollar(BNBUSD) Trading Strategy : Binance Coin is still in the structure of Impulse Wave uptrend, lacking another rise in wave 5, at the end of which the price will reverse again. Binance/ U.S.dollar(BNBUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators have hidden bullish divergence the price trend reversal.
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