Binance Coin / Dollar may rise to 703.0 - 741.3

575.8 is our pivot point.

Our preference

The upside prevails as long as 575.8 is support.

Alternative scenario

Below 575.8, expect 511.5 and 473.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 599.2 and 589.2).

Supports and resistances

817.9 **

779.6 *

741.3 **

703.0

626.4 last

601.1

575.8 **

511.5 *

473.2 **

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