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BNBUSD’s Bullish Charge: Technicals Signal $1,500 Potential Amid $1,175 Resistance

BNBUSD trades higher following the footsteps of BTC. It hits an intraday high of $1163.70 and is currently trading around $1156.3.

Oscillators and moving averages to forecast the trend of  BNBUSD

 

CMP- $1156

 

EMA (4-hour chart)

 

55-EMA- $1122.10

 

200-EMA- $1103

365-EMA- $1041.70. The pair trades above short-term and long term( 365-4H and 200-4H EMA).

 

Major support - $1050. Any breach below $1050 will drag the pair down to $1020/$975/$930.

 

Major Resistance - $1175.  Any break above $1175  confirms minor bullishness; a jump to $1200/$1250/$1300/$1376/$1400/$1500 is possible.

 

Indicators (4-hour chart)

 

CCI(50)- Bullish

 

ADX-  Bullish

 Investment Strategy for BNBUSD

It is good to buy on dips around $1080 with a stop loss around $1020 for target profits of $1300/$1350.

 

 

 

 

 

 

 

 

 

 

 

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