15May
BNBUSD Elliott Wave Technical Analysis May 15 2023
BNBUSD Elliott Wave Technical Analysis May 15 2023
4Hour
Binance Coin/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: It is possible that wave ((2)) may have ended at the level of 301.2 five wave rise And breaking the level 328.5 will support this idea.
Wave Cancel invalid level: 265.0
Binance Coin/U.S.dollar(BNBUSD)Trading Strategy: we assume that wave ((2)) may end at the 301.2 level. Five surges and a break from the 328.5 level will support this idea.But even so, you will have to wait for the price to cross the MA200 line first.
Binance Coin/U.S.dollar(BNBUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are bullish momentum
Daily
Binance Coin/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: It is possible that wave ((2)) may have ended at the level of 301.2. five wave rise And breaking the level 328.5 will support this idea.
Wave Cancel invalid level: 220
Binance Coin/U.S.dollar(BNBUSD)Trading Strategy: It is a good sign for Binance coin. Based on the rebound at the MA200, we assume that wave ((2)) may end at the 301.2 level. Five surges and a break from the 328.5 level will support this idea.
Binance Coin/U.S.dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are Bearish momentum
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