Binance Coin: ⬇️ Sell
– Binance Coin broke round support level 1000.00
– Likely to fall to support level 850.00
Binance Coin recently broke the support zone between the round support level 1000.00 and the 50% Fibonacci correction of the upward impulse from June.
The breakout of this support zone accelerated the active impulse wave 1 of the sharp downward impulse wave (C) from the end of October – which is likely to extend further down.
Given the bearish sentiment that can be seen across the crypto markets today, Binance Coin can be expected to fall further to the next support level 850.00 (which stopped earlier correction 4 last month).
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