BNBUSD trades flat after hitting a fresh all-time high. It hit a high of $949 and is currently trading around $930.60.
Short-term trend remains bullish as long as support $827 (365 4H EMA) holds. It trades above the 55,200 and 365 EMA on the 4-hour chart. Near-term support is around $900; any close below targets $865/$845/$810/$780/$755/$740/$700/$670/$650/$644/$628/$598. If the pair closes below $500, it potentially leads to further declines towards $400.
Immediate Resistance is at $950.Any breakout above this resistance confirms bullish momentum and a jump towards $1014/$1100.
Indicators ( 4-Hour Chart)
Directional Movement Index: Neutral
CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $885 with a stop-loss set at $830 and a target price of $1100.
