Binance Coin / Dollar may rise to 684.2 - 724.5

550.0 is our pivot point.

Our preference

The upside prevails as long as 550 is support.

Alternative scenario

Below 550.0, expect 482.3 and 442.0.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 592.7 and 585.7).

Supports and resistances

805.1 **

764.8 *

724.5 **

684.2

603.4 last

576.6

550.0 **

482.3 *

442.0 **

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