We wrote about Binance going bullish vs USD nearly 2 weeks ago (check Related Ideas). Is it going bullish vs BTC also?
Binance is well known as being one of the largest if not the largest crypto exchange in the World.
Binance coin is one of the coins with clear utility use. You can even use it to pay your trading fees on Binance.
Probably now it makes sense to us...
Hello everyone #Binance Coin did a #doubletop and is now #consolidating in an #equilibrium pattern. I would wait for a break of this double top for the best safest risk to reward, should be looking for a break sometime tonight or early morning.
Today analysis BNB coin
I can say a lot of good words about CEO binance CZ, about the team and the strategy for promoting the exchange and their coins, but I look at the chart and now I will explain what I see and why.
BNB is one of the most liquid coins on the binance exchange, because of...
BNBBTC Daily Chart:-
BNBBTC looking good for Short entries.
But be carefully we can see some spike in short time frame.
So According to chart in daily chart 50 MA crossed 200 Ma up to down side.
So guys not open long position for holding.
I am waiting for good setup for short and also waiting for Long setup bellow 0.00150-0.002 BTC .
Never enter any trade...
Binance has been bullish throughout the most of the year in BTC price value but over the last month or so, it has been struggling.
We feel that a lot of the money out of Binance has been put into Bitcoin as profits and volume is gradually lowering a long with the rate of IEO's and exchange upgrades.
I think that BNB is the best coin to invest in now. Reasons are:
1) Binance is one of the best exchange with solid performance and a bright future
2) BNB used to launch new coins with their platform
3) Ready to introduce margin trading using BNB, and maybe options and other products
4) I think that the macap value should be near ETH and probably higher
5) One day...
Observing BNB...with US binance coming out and the short term lockout...people will be withdrawing a lot of their BNB,...time to store and wait...once BNB USA is alive and kicking it will probably be time to look for some good entries.