BNBETH MACD CONSOLIDATION & POSSIBLE BEAR FLAG
The MACD indicator on Binance Coin - Etherium pair is approaching a focused macd trend wedge, which may indicate that there will be movement as the wedge constricts. Additionally there is an indication of a rising wedge in the candle formations, lending some credence that the movement will be lower still.
This could be the result of a divergence in price with Etherium climbing higher at a faster rate with BNB lagging behind. In addition it IS possible that BNB COULD advance faster than ETH, with Binance's continued policy of buying back of it's coins, but that is an unpredictable event. Still much is expected from BNB in the coming months as it continues it's march towards ever higher prices so still a solid buy and hold option in my opinion.
This could be the result of a divergence in price with Etherium climbing higher at a faster rate with BNB lagging behind. In addition it IS possible that BNB COULD advance faster than ETH, with Binance's continued policy of buying back of it's coins, but that is an unpredictable event. Still much is expected from BNB in the coming months as it continues it's march towards ever higher prices so still a solid buy and hold option in my opinion.
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