BillCharison

$BNB - Started DUMPING. What to DO?

BINANCE:BNBBTC   Binance Coin / Bitcoin
Well.. you asked me to analyse $BNB - you're welcome! Unfortunately, Binance Coin is following the local down-trend. The dense black line is a support of the global up-trend. The resistance is located is very close to the current price level - 0.0028 BTC. Thus, we can see that the price is smoothly falling lower, but I want to remind you that $BNB probably has the strongest Fundamental Support and the price can't fall lower than the global support which is located at the zone of 0.0022 BTC.

Currently, All traders' attention is directed to the $BTC, as everyone is trying to find the best entry point and make some money on intra-day trading. Because of this fact, many $ALTCOINS are suffering and $BNB is not an exception. Binance Coin will face the strongest attention after facing the strongest support about which I've talked before.

Currently, it makes sense to just #HODL your assets, or if you want to take some risks - you could sell now and try to buy back lower. However, we need to remember that Binance has a lot of aces in the hole and can make a new announcement that will pump the price to heaven at any time. Remember this if you decided to sell.

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