BNB/USD Soars to a Record 1263:Bulls Target 1263:Bulls Target 1300 and Beyond

Following in the footsteps of Bitcoin, BNBUSD reaches a new all-time high. It is now trading at about $1245.60, having reached a new record of $1263.60.

Oscillators and moving averages to forecast the trend of  BNBUSD

CMP- $1245.60

EMA (4-hour chart)

55-EMA- $1114

200-EMA- $1002

365-EMA- $936.90. The pair trades above the short and long-term moving averages.

Major support - $1200. Any breach below $1200 will drag the pair down to $1130/$1086/$1044/$985/$930.

Major Resistance - $1250.  Any break above $1250  confirms minor bullishness; a jump to $1300/$1350 is possible.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX- above 50 showing bullish bias

 Investment Strategy for BNBUSD

It is good to buy on dips around $1180 with a stop loss around $1130 for target profits of $1300/$1350.