Elliott Wave Analysis TradingLounge Daily Chart,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: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.(Click on image to enlarge)Elliott Wave Analysis TradingLounge H4 Chart,Binance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave CDirection 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.(Click on image to enlarge)More By This Author:
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