Ichimoku analysis (4- hour chart)
Tenken-Sen- $563.90
Kijun-Sen- $547
Horizontal trend line- $605
BNBUSD performed well in the past two days.
Any daily close above $605 confirms further bullishness.
BNBUSD pared some of its gains made in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $575 and is currently trading around $555.50.
The bullish invalidation can happen if the pair closes below $400. On the lower side, the near-term support is $535. Any break below targets $515/$500/$460.
The immediate resistance stands at around $605. Any breach above confirms bullish continuation. A jump to $635/$700 is possible. A surge past $700 will take it to $800/$1000.
It is good to buy on dips around $500 with SL around $460 for TP of $605/$700.
