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BNBUSD Rallies to All-Time High: Bullish Momentum Eyes $1300 Target

BNBUSD hits a fresh all-time high on positive developments. It hit a fresh all-time high of $1223 and is currently trading around $1207.

Oscillators and moving averages to forecast the trend of  BNBUSD

 

CMP- $1210

 

EMA (4-hour chart)

 

55-EMA- $1086.90

 

200-EMA- $989


365-EMA- $927.20. The pair trades above the short and long-term moving averages.

 

Major support - $1130. Any breach below $1130 will drag the pair down to $1086/$1044/$985/$930.

 

Major Resistance - $1225.  Any break above $1225  confirms minor bullishness; a jump to $1300/$1350 is possible.

 

Indicators (4-hour chart)

 

CCI(50)- Bullish

 

ADX- above 20 showing bullish bias

 Investment Strategy for BNBUSD

It is good to buy on dips around $1130-32 with a stop loss around $980 for target profits of $1300/$1350.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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