Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

BNB/USD Stumbles in Bitcoin’s Shadow, Poised for a Rebound at Key Support

Following the path of BTC, BNBUSD trading is subdued. Having traded as high as $1,079.90, it is now at roughly $1079.

Oscillators and moving averages to forecast the trend of  BNBUSD

 

CMP- $1079.90

 

EMA (4-hour chart)

 

55-EMA- $1136

 

200-EMA- $1099.80

365-EMA- $1027. The pair trades below the short-term and above the 365-4H and below the 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 $1150/$1200/$1250/$1300/$1376/$1400/$1500 is possible.

 

Indicators (4-hour chart)

 

CCI(50)- Bearish

 

ADX-  Bearish

 Investment Strategy for BNBUSD

It is good to buy on dips around $1020 with a stop loss around $890 for target profits of $1300/$1350.

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.