HyperionAllied

Binance coin buy opportunity for cheaper trading fees :)

BINANCE:BNBBTC   Binance Coin / Bitcoin
With BTC bleeding heavily BNB off course will go down with it, likely between the 0.618 and 0.768 fibs. I have drawn a descending wedge pattern but it will likely get decimated by BTC volatility but i thought i'd leave it just in case. In any case this presents a great buy opportunity for those who want to pay for their trading fees this year, if you didn't know already fees are halved if you use BNB to pay for them (could only be for BNB trading pairs but i think the first is right). Apart from that Binance is the biggest exchange that is actually taking new registrations and when the next bull run hits and more new money flows in obviously more people will want cheaper fees. Final point is their coin burn this winter will hopefully lead to higher demand so going long parallel to btc 8k dip could net a great profit.

* THIS IS NOT FINANCIAL ADVICE*
Yup on point Analysis ! Besides that Binance BNB has now more than 6 million users ... It is also adding ICOs almost every week. So I think BNB can easily shoot $100.

BNB & BRD is the most undervalued cryptocurrencies on Binance.
+1 Reply
@patelcrypto, Thanks for the feedback and my thoughts exactly :)
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