Daily BNBETH Update

9 Ara 2021

BNB has been showing some strength again over ETH in the last few days, but until proven wrong, I'm considering this as a short retracement in the downtrend. I've used a few red arrows to highlight the weakness in BNB's upward move over ETH. You can see that while price has been moving up, volume has been falling indicating that there is no commitment from the market to this move. ADX also shows that price movement has been accompanied by a general fall in interest from both buyers and sellers. There is not much splitting the two at the moment as both have been outperforming the wider market. I think there is a high probability that BNB will come back down to re-test the $0.1320 level again (previous level of demand).