BillCharison

$BNB - The Coin will Continue Falling :(

Short
BINANCE:BNBBTC   Binance Coin / Bitcoin
The previous idea about $BNB is still in play. The price has broken through the support level at 0.00282 and was not able to come back. Then we saw a re-test of the resistance and now we are waiting for a further decline to the 0.00220 level. During this downward movement we can start gaining LONG position with the target at 0.00400.

From the Fundamental side the coin also doesn't look good. New updates and announcements bring almost no effect to the price. Recent IEO Perlin can be also considered as a fail, especially in comparison with the previous results.

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