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BNBUSD Stalls in Tight Range: Key Levels and Strategies to Watch

 

 

 

BNBUSD trades in a narrow range between $1053 and $1143 for the past three days. It hits an intraday high of $1108.80 and is currently trading around $1107.

Oscillators and moving averages to forecast the trend of  BNBUSD

 

CMP- $1106

 

EMA (4-hour chart)

 

55-EMA- $1118

 

200-EMA- $1097

365-EMA- $1029. The pair trades below short-term and above 365-4H and 200-4H EMA.

 

Major support - $1020. Any breach below $1020 will drag the pair down to $975/$930.

 

Major Resistance - $1150.  Any break above $1150  confirms minor bullishness; a jump to $1200/$1250/$1300/$1376/$1400/$1500 is possible.

 

Indicators (4-hour chart)

 

CCI(50)- Bearish

 

ADX-  Neutral

 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.

 

 

 

 

 

 

 

 

 

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