BNBUSD Soars to Record High—Bullish Momentum Signals Path to $1,000

BNBUSD hits a fresh all-time high despite weak Bitcoin.  It hit a high of $883.50 and is currently trading around $862.04.

Short-term trend remains bullish as long as support $755 (365-4H EMA) holds. It trades above the 55,200 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 $885.Any breakout above this resistance confirms bullish momentum and a jump towards $900/$943/$1000.

Indicators ( 4-hour Chart)

Directional Movement Index: Bullish

CCI (50):  Bullish

Trading Strategy

It is good to buy on dips around $818-20 with a stop-loss set at $755 and a target price of $1000.