27Apr
BNBUSD Elliott Wave Technical Analysis April 27 2023
BNBUSD Elliott Wave Technical Analysis April 27 2023
4Hour
Binance/U.S.dollar(BNBUSD)
BNBUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave Y
Direction Next higher Degrees: wave (2) of Motive
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Wave Cancel invalid level: 265.0
Binance/U.S.dollar(BNBUSD) Trading Strategy: The second wave retracement tends to be .618 of the first wavelength. Therefore, there is important support around 270, waiting for the correction to complete to consolidate the trend.
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
DAILY
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 (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: The second wave retracement tends to be .618 of the first wavelength. Therefore, there is important support around 270, waiting for the correction to complete to consolidate the trend.
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
About the Author
Related
ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45k. Bitcoin Elliott...
Read More >
Overview: ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45k. Bitco...
Read More >
A technical analysis by Kittiampon Somboonsod using Elliott Wave charts predicts a recovery for Polk...
Read More >
Overview: Bitcoin and Ethereum tracking two Elliott wave counts, but the bullish impulse as Wave 5 i...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - The price is likely to trade below 0.069 as th...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Ethereum continues to gain strength in an impu...
Read More >
You need to login in order to comment