Binance Coin Poised for Rally: Targeting the $630…

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). The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.