BNBUSD Elliott Wave Technical Analysis March 25 2023
4Hour
Binance Coin /U.S.dollar(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
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 Coin /U.S.dollar(BNBUSD)Trading Strategy: Bonance coin is developing in wave III and is trending to 1.618 times wave I at 446.4 as price recovers from support where MA200 supports this idea. Therefore, the overall picture is still in a continuous uptrend. But must not go back down below 265.00
Binance Coin /U.S.dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators below Zero-Line momentum are Bearish
Daily
Binance Coin /U.S.dollar(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
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 Coin /U.S.dollar(BNBUSD)Trading Strategy: Bonance coin is developing in wave III and is trending to 1.618 times wave I at 568.8 as price recovers from support where MA200 supports this idea. Therefore, the overall picture is still in a continuous uptrend. But must not go back down below 265.00
Binance Coin /U.S.dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish
