With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the support at $220.50 and develop a new low in the form of wave alt.(2) in magenta before it can continue the ascent.
