Binance Coin Price Analysis: 31 October

[sneakyboi]

Binance Coin Price Analysis: 31 October

Binance Coin’s technical indicators hinted towards an incoming selling sentiment, with BNB seemingly primed for a downward price action on its charts.






The Aroon Indicator for Binance Coin was slightly bearish as the Aroon Down (blue) had started to cross above the Aroon Up (orange). However, the aforementioned bearish strength was still too weak to initiate a major sell-off.

At press time, BNB’s price was seen alongside its immediate support level at $28.254, following a bounce above the previous support at $27.595

While the overall trend for BNB remains positive, southbound price action seemed imminent, with the same underlined by the Parabolic SAR’s dotted lines being found above the price candles.



Learn more about the analysis here.

[masudginanjar]

27 USD for the Binance coin I think is a really good price to buy.
Why buy Binance coins for 27 USD because the answer is that Binance often goes up in price to 30 USD and then down again to 27 USD.

Now Binance costs 27.8 USD, maybe in the next 4 days the price will go up again to 30 USD.

[IyemRoker]

The indicator is just a means to provide something useful for the future of the BNB coin but for the price changes of each BNB coin movement it is difficult to guess.
There is indeed a positive side to seeing the chart of each coin if we trade with it because it is a basic reference for trading in any cryptocurrency market.