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BNB Bulls Eye $1000: Crypto Holds Gains Despite Trump Tariff Jitters

BNB/USD showed a minor profit booking as the crypto market declined after Trump's tariff letters. It hits an intraday low of $657.63 and is currently trading around $659.72.

Short-term trend remains bullish as long as the support $598 holds. It trades above the 55 and 34, 200 and 365  EMA on the 4-hour chart. Near-term support is around $653 (365- H EMA), any close below targets $644/$628/$598/$570/$520.  If the pair closes below $500, potentially lead to further declines towards $400.

Immediate Resistance is at $669.Any breakout above this resistance confirms bullish momentum and a jump towards $680/$730/$800/$1000.

Indicators (4-hour Chart)

  • Directional Movement Index: Neutral
     
  • CCI (50):  Bullish

Trading Strategy

It is good to buy on dips around $650 with a stop-loss set at $635 and a target price of $800/$1000.

 

  • Market Data
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