Binance Coin: ⬆️ Buy
– Binance Coin reversed from support level 705.00
– Likely to rise to resistance level 760.00
Binance Coin cryptocurrency recently reversed up from the support zone between the support level 705.00 (which stopped waves a and 4 in the middle of September), the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from the middle of August.
The upward reversal from this support zone completed the short-term correction b and started the active wave c of the ABC correction B.
Given the strength of the support level 705.00 and the clear daily uptrend, Binance Coin cryptocurrency can be expected to rise further toward the next resistance level 760.00 – which stopped wave a at the start of October.