Special analysis Binance/U.S.dollar(BNBUSD)
Binance /U.S.dollar(BNBUSD)
Elliott Wave Analysis Daily Chart, 5 April 2023,
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 568.8
Wave Cancel invalid level: 220
Binance /U.S.dollar(BNBUSD)Trading Strategy: BNB is recovering well. And we expect wave ((2)) to end at the level of 265.0. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the 568.8 level.
Binance /U.S.dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish
Binance /U.S.dollar(BNBUSD)
Elliott Wave Analysis 4H Chart, 5 April 2023,
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 446.4
Wave Cancel invalid level: 265.0
Binance /U.S.dollar(BNBUSD)Trading Strategy: BNB is recovering well. And we expect wave ((2)) to end at the level of 265.0. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the 568.8 level.
Binance /U.S.dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a Down Trend. The wave oscillators Below Zero-Line momentum are Bearish
Analyst: Kittiampon Somboonsod, CEWA
