BNB/USD took support near 55- 4H EMA and showed a minor pullback. It hits an intraday low of $752.80 and is currently trading around $769.
Short-term trend remains bullish as long as the support $600 holds. It trades above the 55 and 34, 200 and 365 EMA on the 4-hour chart. Near-term support is around $750, any close below targets$730/ $700/$670/$650/$644/$628/$598/$570/$520. If the pair closes below $500, potentially lead to further declines towards $400.
Immediate Resistance is at $780.Any breakout above this resistance confirms bullish momentum and a jump towards $810/$841/$1000.
Indicators ( 4-hour Chart)
Directional Movement Index: Neutral
CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $730 with a stop-loss set at $700 and a target price of $800/$1000.
