BNB Pauses Near $830 After $861 ATH, Bulls Target $1,000 on Dip Buys

BNB/USD trades flat after hitting a fresh all-time high $861.20. It hit a low of $816 yesterday and is currently trading around $830.50.

Short-term trend remains bullish as long as the support $600 holds. It trades above the 55 and 34, 200 and 365  EMA on the 4-hour chart. Near-term support is around $812, any close below targets $799/$786/$740/ $700/$670/$650/$644/$628/$598.  If the pair closes below $500, potentially lead to further declines towards $400.

Immediate Resistance is at $862.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 $790-795 with a stop-loss set at $740 and a target price of $1000