Post
Topic
Board Altcoin Discussion
Re: Binance Coin - Not Far From The Falling
by
H1N1
on 28/05/2019, 08:02:35 UTC
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.

The Binance coin performance is good because the coin has much demands.
Demands comes from IEO that launched in Binance platform, making investors who want to join their IEO buying BNB coin to be eligible.+