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.
