DrJLT

BNBBTC to trade sideways?

BINANCE:BNBBTC   Binance Coin / Bitcoin
Nothing spectacular here, just putting this down for future reference.

It appears BNB may be repeating what it did before last Sept: after rising against BTC , it retraces heavily & then starts to trade within range. If this pattern is repeated, the range starts right after 7D & 30D SMA crosses.

The difference is the level of retracement, though since it rose 20x instead of 10x last time, perhaps a shallower retracement is tenable.

BNB doesn't seem to be turning bullish against BTC soon.
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