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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