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BNBUSD's Post-ATH Dip: Golden Buying Opportunity at $1130 for $1350 Surge

BNBUSD trades in a narrow range after a minor sell-off from a fresh all-time high. It hit an intraday high of $1216 and is currently trading around $1198.

 

Oscillators and moving averages to forecast the trend of  BNBUSD

 

CMP- $1180.8

 

EMA (4-hour chart)

 

55-EMA- $1213.50

 

200-EMA- $1093.30

365-EMA- $1007. The pair trades above both short-term and long-term moving averages.

 

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

 

Major Resistance - $1250.  Any break above $1250  confirms minor bullishness; a jump to $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 $1130 with a stop loss around $1100 for target profits of $1300/$1350.

 

 

 

 

 

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