Binance Coin - Not Far From The Falling

[Hiral1111]

The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

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[Buntel168]

I see Binance coin will countinue to increase and there is no reason to fall. One of the best coin in 2019, good performance and have a good exchange platform make Binance price go up.

[arjuna BTC]

I see Binance coin will countinue to increase and there is no reason to fall. One of the best coin in 2019, good performance and have a good exchange platform make Binance price go up.

the OP think if binance coin already in oversold area, and in technical analysis when a cryptocurrencies hit this area,
the price could be down anytime,
but, i think not for crash, only for a little corrections before this coin continue rising my friend

[Jating]

I see Binance coin will countinue to increase and there is no reason to fall. One of the best coin in 2019, good performance and have a good exchange platform make Binance price go up.

the OP think if binance coin already in oversold area, and in technical analysis when a cryptocurrencies hit this area,
the price could be down anytime,
but, i think not for crash, only for a little corrections before this coin continue rising my friend

I really like this technical term, it's the same as bitcoin right now, it's been in the overbought zone that's why a pullback is to be expected and it's happening already.

So let's see if BNB will have a healthy pullback, if it did then another good reason to buy it and HODL because it is expected to make another run after this pullback.

[Pamadar]

I see Binance coin will countinue to increase and there is no reason to fall. One of the best coin in 2019, good performance and have a good exchange platform make Binance price go up.

the OP think if binance coin already in oversold area, and in technical analysis when a cryptocurrencies hit this area,
the price could be down anytime,
but, i think not for crash, only for a little corrections before this coin continue rising my friend

There's slight corrections that might take after this rise happened, but likewise it's small downwards for bag holders to cash out profits then reinvest back to hype the coin again, with lots of believers of this exchange and the purpose of launchpad for investment, binance really attracts more those investors who wanted to take the chance of getting good profits from this project.

[CryptoLogo]

I am not well versed in the technical analysis of cryptocurrency, but I think that the price of BNB should go down. However, this will not be a big fall.

[OTC]

I don't think so. Binance coin is not going to end anytime soon. It has the potential of moving on and becoming great in the future. It has a long way to go.

[sarul]

I don't think so. Binance coin is not going to end anytime soon. It has the potential of moving on and becoming great in the future. It has a long way to go.

Since it started by the most famous exchange, it's really get attention from trader. So, yes it would be more great then this as time goes by. He's just started, so his best potential is still not showing up, it would be better to look for it together.

[Amalker]

BNB still have many drivers to grow (only margin trading can increase the price to the moon). But bad market conditions can trigger a correction of the whole market, affecting on BNB too. I think May will become a red month for crypto.

[Ranly123]

The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

Does it really reached it's ATH? Maybe with the current up trend, most of the coins are regaining momentum but not yet at their ATH so as binance coin. If more people continue to use binance exchange, then it's coin will not fall that easily.

[Red-Apple]

Binance Coin is pumped and it is pumped only because of the massive scale advertisement and hype that Binance has been doing over the past couple of months and the fact that their platform (the exchange) has been growing rapidly because the rest of them started scamming their users so they had to move their funds elsewhere.
like any other pumped coins, the bubble has to burst at some point and the price has to drop.

[thanhswp]

Of course, the potential for value increase in Binance's currency is based on Binance's success as an exchange. If the trading exchange can maintain its upward momentum from the level of the number one position in the trading volume within six months, the future will be quite bright for the Binance currency and for copper Binance money.
BNB with its skills will continue to make the market rise, and be the first to return to its all-time peak, BNB continues its journey to the top 3. This can certainly happen.

[Iykecollins]

It is not in every circumstance that you apply technical analysis, sometimes take a cursory look at the fundamentals also. So far there is a lot of sentiments around Binance coin that makes the market continue to soar and the sentiments are still building and not going to be over soon. We may be seeing another spike from here after a very little correction

[waynechong1995]

The increasing price is Binance is somehow relative to the user-base it has, there's no much big trader that would actually benefit very much from the discounted trading fees using BNB, for me now its a kinda hot stock with anticipation that Binance platform could somehow become a super crypto platform that cover the entire ecosystem of an altcoin growth and such. The price is a little too high if you justify from its RSI and crypto are always unpredictable, just like many coins are gone 90% off from ATH and how it does happen in the first place? the market trend plays a very important role.

[sukey2008]

BNB might go down a bit, as all the other coins incl. Bitcoin will do the same.
But long term I will say BNB is still strong, even much stronger than LTC......
Different than the other projects or shitcoins, BNB is really useful, at least until now

[semes]

I think the same way. There is no more activity that Binance will do after this point. There is nothing to BNB price move up anymore

[arnoldrimmer]

I don't see Binance coin going down anytime soon, it might encounter some difficulties  and the price might go down a bit but it  will rise far above what it was and this is cos of the fact that its backed up by a very powerful exchange

[anatolij.shishkin]

I don't see Binance coin going down anytime soon, it might encounter some difficulties  and the price might go down a bit but it  will rise far above what it was and this is cos of the fact that its backed up by a very powerful exchange

When you have a big pump, you can always adjust the price. Make it a little better for yourself. So I understand why they are developing so hard. There is a pump to create what you want and promote what you want on the market.

[okala]

I see Binance coin will countinue to increase and there is no reason to fall. One of the best coin in 2019, good performance and have a good exchange platform make Binance price go up.

I believe the same too, I have try to see the reason why speculators think binance coin is going to decrease in price and can not fine any if the coin can do well in the year 2018 when the entire market was in crisis how much more will it performe excellent now that the cryptocurrencies market is gradually doing well.

[Idrisu]

The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

Thank you in sharing this with us and I am thinking in that ways too.  It is very good to take profits now as it seems it might not be able to break the resistance level it has created. The little support it has some days back is around $18 and that is were I think it is falling close to.