Something thats little bit more interesting here is BNB coin we’ve actually now broken down below this on the daily which is a very strong chart and a very strong average to watch. We triple topped and than double topped and are possibly forming a pattern now that the 50 day moving average is starting to rise up to catch the BNB coin. In a fundamental sense the BNB coin was the most undervalued coin of 2018 because Binance is like the Amazon of crypto and so we expected high price levels and the top performing coin of 2018 was the BNB coin.
In terms of other coins in similar price movements that’s still in its early stages right now, I would say the coin because it’s backed by Justin Sun and it already has an established community of users that have been on there for decades seeding downloads for no rewards and now they’re getting rewarded for it. So there’s definitely intrinsic value, there’s a community and use case already for the coin and it just came out. When we’re taking advantage of daily and we’re in the right coins than this could be a very profitable market. Looking at the we also broke down from this .
We’re starting to head towards these lower ranges and starting to see strong seller pressure. The max downside we can see here is to that 50 day, which should hold the support and just continue its trend up. This chart will make sense a lot of sense knowing that we expect to consolidate, when we pull up the BNB XRP ETH chart they act in accordance with each other as & BNB might bounce back and forth before seeing that any major breakouts to the upside.
Another thing we’ve been doing to rack up satoshi’s is trade between and the BNB coin, knowing when hits a resistance if we know it’s at these higher levels we then transfer to BNB and as it than BNB goes up we gain more satoshis and the next time goes up were able to gain more satoshis.
Published at Sun, 07 Apr 2019 09:04:45 +0000
