Binance consolidation, careful with strong retracements

2019년 5월 5일

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