BNB/USD breaks two-week high after a long consolidation. It hits a high of $660.30 and is currently trading around $660.10.
Short-term trend remains bullish as long as the support $598 holds. It trades above the 55 and 34, 200 and 365 EMA on the 4-hour chart. Near-term support is around $644 (365- EMA), any close below targets $628/$598/$570/$520. If the pair closes below $500, potentially lead to further declines towards $400.
Immediate Resistance is at $661.Any breakout above this resistance confirms bullish momentum and a jump towards $669/$680/$730/$800/$1000.
Indicators (4-hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $650 with a stop-loss set at $635 and a target price of $800/$1000.


FxWirePro: GBP/USD dips on UK GDP data miss
Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout
FxWirePro- Major European Indices
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro- Major European Indices
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
BTC Bulls Defend $90,000 – One Fed Spark Away from $100K Explosion
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 



