Elliott Wave Analysis TradingLounge Daily Chart,Binance/ U.S. dollar(BNBUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))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:The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3 and the price is likely to test the 913 level. The price action remains in an uptrend, looking for a re-entry into the trend.Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.(Click on image to enlarge)Binance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave 2Wave 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:The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3 and the price is likely to test the 913 level. The price action remains in an uptrend, and we are looking for a re-entry into the trend.Binance/ U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.(Click on image to enlarge)Technical Analyst : Kittiampon SomboonsodSource : Tradinglounge.com get trial here!More By This Author:
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