BINANCE flirting on a key level

Since April 12, Binance has been trading within a range. Today the price action has reached 614, which has acted as the resistance level from the consolidation period. It forms a Doji candle at the critical level signaling a correction and downward movement towards the support level from the range.

However, price compression on the upper zone could bring a potential breakout and open uptrend movement that could bring the price action to reach 885 handle for a +40%, that level is forecasted by the use of Fib Ext tool.

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