Binance Coin - Divergences and expected volatility
BNB/BTC is currently on a nice up trend comparing with BTC and its coin burn is just around the corner. It showed a bearish divergence and it may show a bullish one, getting its price back to 0.0016 range, where it found resistance twice and will probably serve as a good support.
If this bullish divergence plays out, we may see BNB price retest its ATH and FOMO might kick in once again. After its coin burn, we'll probably see some cool off on the price action just like what happened back in January. If all of this does plays out, we might see its price back to 0.0014 to 0.0015 range.
Its coin burn is scheduled to happen around April 15th and we can expect some high volatility, just like what happened back in January 15th.
If this bullish divergence plays out, we may see BNB price retest its ATH and FOMO might kick in once again. After its coin burn, we'll probably see some cool off on the price action just like what happened back in January. If all of this does plays out, we might see its price back to 0.0014 to 0.0015 range.
Its coin burn is scheduled to happen around April 15th and we can expect some high volatility, just like what happened back in January 15th.