BNBUSD has been consolidating in a narrow range between $869 and $813 for the past five days. It hit a high of $856 yesterday and is currently trading around $844.
Short-term trend remains bullish as long as support $745(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, pit potentially leads to further declines towards $400.
Immediate Resistance is at $870.Any breakout above this resistance confirms bullish momentum and a jump towards $900/$1000.
Indicators ( 4-hour Chart)
Directional Movement Index: Neutral
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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