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BNB crashes down from Heaven

Binance Coin, the token for the exchange that is used for fees and is a relative index to how Binance operates has been dumped over the past two weeks. This is the same behaviour first identified by Nouvive in early January- late February, there was a 100% Spike up, before crashing down by close to 55%.

Later in April, the same move happened, but the support was strong enough to support a bounce over two months for another 100% move.

Nouvive has recommended following this to enter longs or buys in the identified Green box, this would represent both the heavily weighed support level first seen in April with the box also acting as a counterweight to a 55% move downwards.

Moreover, Nouvive has spotted trends illustrated that Binance has been creating more exchanges, including the recently announced Uganda Exchange and a Decentralised exchange to support the increased amount of retail investors volumes.

Nouvive recommends a Dollar Cost Averaging at the stated levels below:

Enter 25%: 0.0014224

Enter 25%: 0.0013060

Enter 25%: 0.0012800

Enter 25%: 0.0012200

Take Profit 100%: 0.002800

Profit: 100%

Stop Limit: 0.0011855

Risk: 15%

Time: 2.5 Months

Probability – 94%

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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288

ViFeed Indicators

Bitcoin (BTC)
$5253.61
37.00 RSI
-0.73%
Buy
Ethereum (ETH)
$172.17
32.00 RSI
-0.06%
Buy
XRP (XRP)
$0.33
37.00 RSI
-2.87%
Buy
Bitcoin Cash (BCH)
$297.36
48.00 RSI
-4.65%
Hold
Litecoin (LTC)
$81.29
61.00 RSI
0.44%
Hold
EOS (EOS)
$5.44
26.00 RSI
-1.57%
Buy
Binance Coin (BNB)
$21.75
64.00 RSI
7.95%
Hold
Tether (USDT)
$1.01
14.00 RSI
-0.05%
Buy
Stellar (XLM)
$0.12
41.00 RSI
-2.28%
Buy
Cardano (ADA)
$0.08
22.00 RSI
-4.82%
Buy
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