12th Doesn’t Mean “Looser”Nov 20, 2019
Yesterday, the CryptoCompare analytics center downgraded Binance to 12 lvl in its cryptocurrency exchanges rating. This negative news was a surprise to Binance users. Trading volumes on the exchange remain leading.
But, as a result, we see a decline in prices, which led to a breakdown of the rising channel. For the 3rd day in a row, the BNB/USDT pair draws red candles and reached the 18.50 mark per BNB. It won’t be difficult for the bears to push the price to the 16.50 level, where buy orders are concentrated.
In the case of active sales, it is likely that the price may reach September’s 15.00 USDT levels.
Binance CEO didn’t make any loud statements and predictions for now. It seems, that he doesn’t support the coin and doesn’t stimulate its growth. Also, the market doesn’t support altcoins’ growth.
As the price drops to 16.50 levels and up to 15.00 levels, you can get long positions with a short stop at the 13.50 – 14.00 level.