Binance coin in a dilemma: Bears look to overpower bulls

[isaa 31]

 

Source: Pixabay

Binance coin had quite a rollercoaster year among all other altcoins, where it reached its all-time high price of $39.30; however, since then its price has been on a constant decline. BNB was trading at $12.259 at press time, with a downfall of 0.40% on the 24-hour price chart.

4-Hour Price Chart

Source: BNB/USD on TradingView

BNB formed a bearish pennant on the 4-hour price chart, characterized by a mid-way pause in the earlier downtrend and the price continued to move sideways forming a narrow price channel. A bearish pennant is followed by a bearish price breakout, thus BNB looked bearish in the short term.

https://eng.ambcrypto.com/binance-coin-in-a-diema-bears-look-to-overpower-bulls/

[Biscuit1974 0]

It will provide developments for the advancement of cryptocurrency in market. Of course, new altcoin must be able to prove it, whether it is worthy to compete in market or not.

[Scottsummers 347]

I think this coin was a total moneymaker and seems to have just been abandoned. The price just froze and all vomume slowed almost to a halt.its a weird one. Usually a large exchange wouldn't expose itself like it did with this. They should support their coins like yobit. 

[seriousguywithfunnypants 266]

After the crazy IEO and ICO times in last couple of months Binance coin got pumped to 40 usds. However, those days are over right now. 

[Mohs3n71 0]

I would really like to see BNB prices lowers than $10 or so, it would be a great opportunity to fill the bags and wait for the next run

[khan22 3478]

On 10/9/2019 at 3:28 AM, Biscuit1974 said:

It will provide developments for the advancement of cryptocurrency in market. Of course, new altcoin must be able to prove it, whether it is worthy to compete in market or not.

we need new ALT coins and new ALT coin will prove that they can beat the other good coins but so many scammers will work now and they just make they money from investors and when they got good money then they leave their coins and stop to invest to their coins. Thats why investors will not trust on new coins.

[Crypto123 0]

Thank you for this information. I am surprised by binance coin, which is one of the strongest and most well-known platforms, why the price of the currency did not rise significantly as expected, but fell significantly.

[Afrizal rahman 2636]

Yes, the movement of Binance coins was indeed very significant at the beginning, but now the price is falling and it doesn't touch the moon anymore. But I think the future is still there.

[Ms.o 3322]

On 10/22/2019 at 6:16 PM, Mohs3n71 said:

I would really like to see BNB prices lowers than $10 or so, it would be a great opportunity to fill the bags and wait for the next run

We have the same thought,crashing market is just an opportunity to fill some bags, and soon earn big profits.Bnb is the by-product of binance,transaction fee can be pay by bnb in binance and many traders are using that platform so i think bnb will soon increase its price.

Edited December 28, 2019 by Ms.o

[BTC Future 3946]

Binance chain is a centralized failure and since everyone noticed it's price will only depreciate from now on. They had their fake run with lies and tiping insiders where to invest and which coin to pump. They don't look honest and while I'm still trading there I will exit Binance really soon.

[Amirul Islam 382]

On 10/7/2019 at 8:27 PM, isaa said:

 

Source: Pixabay

Binance coin had quite a rollercoaster year among all other altcoins, where it reached its all-time high price of $39.30; however, since then its price has been on a constant decline. BNB was trading at $12.259 at press time, with a downfall of 0.40% on the 24-hour price chart.

4-Hour Price Chart

Source: BNB/USD on TradingView

BNB formed a bearish pennant on the 4-hour price chart, characterized by a mid-way pause in the earlier downtrend and the price continued to move sideways forming a narrow price channel. A bearish pennant is followed by a bearish price breakout, thus BNB looked bearish in the short term.

https://eng.ambcrypto.com/binance-coin-in-a-diema-bears-look-to-overpower-bulls/

I dont know about technical analysis. But know about binance project. It’s a great project with strong team. It’s have massive community members.    

[Syedbesharat 5423]

On 10/7/2019 at 7:27 PM, isaa said:

 

Source: Pixabay

Binance coin had quite a rollercoaster year among all other altcoins, where it reached its all-time high price of $39.30; however, since then its price has been on a constant decline. BNB was trading at $12.259 at press time, with a downfall of 0.40% on the 24-hour price chart.

4-Hour Price Chart

Source: BNB/USD on TradingView

BNB formed a bearish pennant on the 4-hour price chart, characterized by a mid-way pause in the earlier downtrend and the price continued to move sideways forming a narrow price channel. A bearish pennant is followed by a bearish price breakout, thus BNB looked bearish in the short term.

https://eng.ambcrypto.com/binance-coin-in-a-diema-bears-look-to-overpower-bulls/

BNB coin is good coin of Binance and  is exchange coin.So this bearish is just temporary and  it will recover in few days.So we have to wait for right time and do trading on it.We need to buy now so we can sell it when it goes higher.

[Amir YT 202]

On 10/7/2019 at 8:27 PM, isaa said:

 

Source: Pixabay

Binance coin had quite a rollercoaster year among all other altcoins, where it reached its all-time high price of $39.30; however, since then its price has been on a constant decline. BNB was trading at $12.259 at press time, with a downfall of 0.40% on the 24-hour price chart.

4-Hour Price Chart

Source: BNB/USD on TradingView

BNB formed a bearish pennant on the 4-hour price chart, characterized by a mid-way pause in the earlier downtrend and the price continued to move sideways forming a narrow price channel. A bearish pennant is followed by a bearish price breakout, thus BNB looked bearish in the short term.

https://eng.ambcrypto.com/binance-coin-in-a-diema-bears-look-to-overpower-bulls/

Binance is one of the top and most secure platform. Also it has many services and platform. Recently they launced future exchange for leverage trading. It's have usecase. That make BNB coin more valuable. 

[bentayebsalah 2280]

In the year 2020, I see that bulls dominate the market and the cryptocurrencies rose well, as is Bitcoin, which is good.

[Captain Karim 0]

I think the struggle of bulls and bears in this market does not end, but more importantly, knowing the appropriate time with who we are with the bulls or with the bears?

[Shaza Ahmad 1682]

Binance is trying to compete with Ethereum by making its own blockchain, but I think Ethereum is the first decentralized application platform in the world and in second place we have TRON and Binance still needs a lot of work.

[Hazirah Wahid 2]

The currency is never destroyed, it will be useful as long as you can use it, so we think that the currencies will be formatted very quickly, not that we want the coins to go up all the time and show good earnings, we want through it.  Get a good payment and work on it.

[Opinder 1310]

Its very good coin and we should not worried about it because btc, eth and bnb would be top three coins of future. If you see bnb is doing many activities like partnerships,  improvements. Even binance burns the bnb coins constantly. So we would see big surge in the price of bnb within next one year.

[bliznec 22268]

The BNB cryptocurrency is one of the promising coins that the Binance cryptocurrency exchange offers. This suggests that today you need to buy a coin exchange Binance.

[Amir Vao 341]

On 10/7/2019 at 8:27 PM, isaa said:

 

Source: Pixabay

Binance coin had quite a rollercoaster year among all other altcoins, where it reached its all-time high price of $39.30; however, since then its price has been on a constant decline. BNB was trading at $12.259 at press time, with a downfall of 0.40% on the 24-hour price chart.

4-Hour Price Chart

Source: BNB/USD on TradingView

BNB formed a bearish pennant on the 4-hour price chart, characterized by a mid-way pause in the earlier downtrend and the price continued to move sideways forming a narrow price channel. A bearish pennant is followed by a bearish price breakout, thus BNB looked bearish in the short term.

https://eng.ambcrypto.com/binance-coin-in-a-diema-bears-look-to-overpower-bulls/

Binance is one of the great and popular exchanger in this crypto world. It has a native coin which name is BNB. It has great usecase that's why it's price always try to rise up.

[CryptoMaxim 3829]

In any case, the Binance coin has shown good growth since its release. And the fact that the sechas sank is not a crash. This coin will prove itself in the future.

[tienda 8776]

I think this coin BNB will be a great coin in the future, because his owner is Binance website exchange so when the people know a such coin created by the most and trusted website exchange they will invest on it.

[Saj555 2250]

It was a quite good coin. It was one of the currency that could bring good amount of money. It had a good scope in the market. But maybe the investors didn't find it quite amazing and that's why the price got down. The price is now at a low base and the binance is trying to create their own blockchain network.So it could turn good into them. 

[Thekingcallme 1975]

Yes, BINANCE’s BNB coin has decreased significantly and I think the bears are currently controlling it but there are positive signs about the currency going up these days

[Rezort 846]

Binance coin is so strong that it actually stayed on its good price when the whole cryptocurrency market was falling, so I believe that this is a good coin to invest in.