Binance Coin / Dollar may rise to 676.2 - 727.5

Our pivot point is at 492.6.

Our preference

Our next up target stands at 727.5.

Alternative scenario

Below 492.6, expect 408.8 and 358.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 521.4 and 543.4).

Supports and resistances

830.0 **

778.7 *

727.5 **

676.2

569.4 last

525.6

492.6 **

408.8 *

358.9 **

Number of asterisks represents the strength of support and resistance levels.