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


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