BNBUSD holds above $850 following the steps of BTC. It hit a high of $857.90 and is currently trading around $850.
Short-term trend remains bullish as long as support $730 holds. It trades above the 55 and 34 EMA, but below the 200 and 365 EMA on the 4-hour chart. Near-term support is around $800; any close below targets $780/$755/$730/$700/$670/$650/$644/$628/$598. If the pair closes below $500, it potentially leads to further declines towards $400.
Immediate Resistance is at $862.Any breakout above this resistance confirms bullish momentum and a jump towards $862/$900/$1000.
Indicators ( 4-hour Chart)
Directional Movement Index: Bullish
CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $800 with a stop-loss set at $740 and a target price of $1000.
Short-term trend remains bullish as long as support $730 holds. It trades above the 55 and 34 EMA, but below the 200 and 365 EMA on the 4-hour chart. Near-term support is around $800; any close below targets $780/$755/$730/$700/$670/$650/$644/$628/$598. If the pair closes below $500, it potentially leads to further declines towards $400.
Immediate Resistance is at $862.Any breakout above this resistance confirms bullish momentum and a jump towards $862/$900/$1000.
Indicators ( 4-hour Chart)
Directional Movement Index: Bullish
CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $800 with a stop-loss set at $740 and a target price of $1000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.