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BNBUSD's Dip Dilemma: Buy the Pullback to $1350 Glory

Following in the footsteps of BTC, BNBUSD shed most of its gains. Having reached $1022 intraday, it is now trading at about $1064.

Oscillators and moving averages to forecast the trend of  BNBUSD

 

CMP- $1058

 

EMA (4-hour chart)

 

55-EMA- $1188

 

200-EMA- $1100

365-EMA- $1017. The pair trades below short-term and above 365-4H and below 200-4H EMA.

 

Major support - $1020. Any breach below $1020 will drag the pair down to $975/$930.

 

Major Resistance - $1100.  Any break above $1100  confirms minor bullishness; a jump to $1200/$1250/$1300/$1376/$1400/$1500 is possible.

 

Indicators (4-hour chart)

 

CCI(50)- Bearish

 

ADX- Neutral

 Investment Strategy for BNBUSD

It is good to buy on dips around $1022 with a stop loss around $890 for target profits of $1300/$1350.

 

 

 

 

 

 

 

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