BNB/USD Hits All-Time High: Bullish Momentum Targets $1200

BNBUSD hits a fresh all-time high on positive developments. It hit a fresh all-time high of $1115 and is currently trading around $1109.60.

Oscillators and moving averages to forecast the trend of  BNBUSD

CMP- $1109.90

EMA (4-hour chart)

55-EMA- $1015

200-EMA- $954.60

365-EMA- $902.70. The pair trades above the short and long-term moving averages.

This week week low- $993.80 (Sep 30th low). Any breach below $990 will drag the pair down to $950/$930/$889/$870/$830. Near-term support $1050.

This week high- $1115 (Oct 3rd high).  Any break above $1129 (127.20% fib)  confirms minor bullishness, a jump to $1183/$1200 is possible.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX- above 20 showing bullish bias

5. Investment Strategy for BNBUSD

It is good to buy on dips around $980 with a stop loss around $930 for target profits of $1100.