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FxWirePro- BNBUSD (Chart of the day)

Wed, 21 Feb 2024, 12:26 pm UTC

BNBUSD performed well in the past three weeks.

Any daily close above $400 confirms further bullishness.

FILUSD gained more than 20% in the past three weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $367.20 and is currently trading around $364.30.

The bullish invalidation can happen if the pair closes below $285. On the lower side, the near-term support is $340. Any break below targets $317/$300/$285.

The immediate resistance stands at around $370. Any breach above confirms bullish continuation. A jump to $400 is possible. A surge past $400 will take it to $460/$500.

It is good to buy on dips around $345 with SL around $320 for TP of $397/$456.

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