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Silos_Notlim
May 5, 2019 7:58 PM

Binance consolidation, careful with strong retracements 

Binance Coin / US DollarBinance

Description

Binance has consolidated over the last week, it could continue up but not without an attempt to test the 70 SMA, careful if it crosses it down.

- Trend: Sideways, consolidation
- MACD is hovering around the 0 line
- SMAs are traveling horizontally
- it could test SMA 70 before going up
to meet the key level
- The price must cross over the key level
before resuming the uptrend
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