- Binance Coin reversed from strong support level 575.50
- Likely to rise to resistance level 650.00
Binance Coin cryptocurrency recently reversed up from the strong support level 575.50 (which has been steadily reversing the price from February, ad can be seen on the daily Binance Coin chart below).
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the strength of the support level 575.50 and the oversold daily Stochastic, Binance Coin cryptocurrency can be expected to rise to the next resistance level 650.00.
- Likely to rise to resistance level 650.00
Binance Coin cryptocurrency recently reversed up from the strong support level 575.50 (which has been steadily reversing the price from February, ad can be seen on the daily Binance Coin chart below).
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the strength of the support level 575.50 and the oversold daily Stochastic, Binance Coin cryptocurrency can be expected to rise to the next resistance level 650.00.
By the FxPro Analyst Team
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.