Binance Coin cryptocurrency can be expected to rise further to the next resistance level 630.00 (which stopped the previous intermediate corrective wave (2) earlier this month).
- Binance Coin reversed from support zone
- Likely to rise to resistance level 630.00
Binance Coin cryptocurrency recently reversed up from the support zone between the multi-month support level 575.00 (which has been reversing the price from the start of February, as can be seen from the daily Binance Coin chart below) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term corrective wave ii – which belongs to the intermediate impulse wave (3) from the middle of June.
Given the strength of the support level 575.00 and the bullish sentiment as seen across cryptocurrency markets today , Binance Coin cryptocurrency can be expected to rise further to the next resistance level 630.00 (which stopped the previous intermediate corrective wave (2) earlier this month).
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