Binance Coin - Not Far From The Falling

[masterrex]

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.

Cool observation its more likely to happen But I think it wouldnt go down as far as half of its value as of today. Since theres a lot of factor that needs to be consider such as Coin Burning, BinanceDEX launch maybe it can affect the whole picture who knows? But the truth is we are just speculating and anything would happen beyond our control thats how cryptocurrency works!

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[Script3d]

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

There will be always new traders at exchange, if they plan to stick at binance they will buy the coin to reap the benefits that binance offers, and there will be lesser supply in the circulation because most people are holding their coins and that will drive the prices way faster.

[FanEagle]

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.

I am not against Binance, I love Binance so much and I appreciate all the effort the CEO is outing in place to make the cryptocurrency more fun to investors and users, which I will also like to be a part of their community but I am yet to invest because I feel their price has become too high right now and dump might occur anytime soon.

So, I really support and dump in price so that some of us that are yet to get the opportunity to invest in those great project will do, but with the rate at which they are gaining users and holders, I really don’t think this wish will come true anytime soon, so it might just still be the best price of BNB one can get for now.

[levyashin]

Nothing always grow in value. There will be a correction always, still in long term binance coin is a good coin to have.

In short term it can lose or gain value.

[ricardobs]

One thing you should know that coins don't just fall for any reason, a coin with very high demand cannot just fall without any event happening that could cause a dump, and from the events I can see happening around binance, I don't think we are going to see a low in binance for a long while because everyone are jumping into the market so that they don't miss out from what is coming and I would advise everyone to do same too than looking for dumps.

[WannaCry]

the fact that binance came from a sad news that it was hack it didn't even affect the price.. binance is still a good coin consider/include it in your portfolio

[Perfect35]

Binance coin is seriously exhibiting remarkable growth and it is really tempting to say that it is not ready to stop where it is now, but that it is tending toward moving fro two figured price to three figures. I will  be among the least of those who would be surprised if this happens, because i had known this earlier.

[billyhaleym]

I won't undermine the potentials of binance coin, not even a coin of still rising to the top,  the marketing team of binance exchange have done great and have really put the BNB token on top of issues

[Abiky]

Nothing always grow in value. There will be a correction always, still in long term binance coin is a good coin to have.

In short term it can lose or gain value.

Exactly. What rises, has to fall one way or the other. We've seen how Bitcoin has increased within a short time frame, to later fall massively in price. It's like a roller coaster where there are ups and downs on the market within specific time frames. This could happen to Binance Coin either in the short or long term. Perhaps, its price increase is given in part to the release of Binance DEX. Not to mention, that there's demand for this exchange-based token because of the many benefits it provides within Binance exchange. Compared to other cryptocurrencies with almost no utility, BNB seems to be the most desirable.

Nonetheless, prices per BNB are still high. Which means, that not many people will be able to afford the token in order to use certain services of Binance Chain. Still, the BNB token might never disappear given that Binance is too big to fail within the crypto industry. Just my thoughts

[nicster551]

It was to be expected that Binance Coin price would drop after reaching new ATH. It's been one of the top performing coins during the 2018 bear market, I think it's going to continue to surprise.

Yes that drop is just a normal thing in the market. But as we can see that Binance coin price continue to rally upwards it is not because of technical analysis but Fundamental analysis alone. The development on Binance is still moving and we might see Binance coin going crazy upward again when the margin trading launches.

[lyks15]

Yes price falling is normal and one of characteristic of every crypto. And this is best time for every traders to buy and hold binance coin and wait to the right time to rise the price before to sell it. But I think this is part of the flow and we will be ready for huge rise again soon or we can say very soon.

[||bit]

I am hearing some fud about the binance coin.

Right now little investors are buying and it made very big pump without any correction, and because it will be opened to margin trading many whales will open sell order and make a great profit while little investors will lose like always. That scenario came me logical but i can't pretend it will happen or not.

[rjp55]

Eventually, it will make a correction. Nothing can rise forever.

And that correction can be bad because it is rising for a long time without any correction. So yes, falling can happen in a short time.

[Leema]

Binance coin (bnb) is not anything close to falling, i made a post about bnb hitting $30 when it was just trading less than $10 . Binance is an high potential platform and it shows a more profit to hodlers who hodl till now.

[Wintersoldier]

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.

If you will going to look at the RSI and MACD indicators and history, all the predictions are for the short term basis, we should not look at it as wider view actually, because just recently, binance just got in trouble, and in that case, these indicators are not been considered as investors have experience the 7k bitcoin hack.

[olamidey]

Among existing exchanges having their own token, Binance coin is one of the greatest of them. It's currently at a good price which doesn't look like it's going to fall anytime soon. I know for sure that it has stabilized about most altcoins in the cryptocurrencies world. It's price crashing is something I don't see happening. It may shed a bit but not that low 

[betty11]

I hope some persons didn't take this speculations and sell off their BNB, although speculating is good in this type of market, will also need to be careful not to take professional advise in all good project. For example, some persons predicted the bitcoin was  going to hit either $1500 or $2000 and some friends sold and waited in vain and would later buy the pump, here we are today.

[Adriano2010]

I think that even if the price will drop, after some time the Binance coin will continue grow but we will don't see soon a bigger price, but i think over time can have a good price and who invest now can take a profit.

[Iykecollinz]

While some where creating fud around $24 for Binance, some were predicting a pump up to $100, it is really crazy how things turn around in this crypto market, it is only those will to still take the risk are still in, if it gets to $100 their luck and it it goes against they may have one or two things to regret about it. So far I do not see any sign of dump on the way of Binance as the team keep pushing it upward with all development plans and soon coming Binance 2.0

[Galantin]

I didn't feel Binance coin will fall, Binance focus is more bigger than 2017. CZ working hard and plans before IEO Launchpad. Some lottery or others to buy Binance coin.

Where she falls. She will only grow. And finance will gain more power over the market. Here is a unique strategy. I think this is a good investment.