Binance Coin / Dollar may rise to 665.5 - 671.3

Our pivot point is at 637.3.

Our preference

The upside prevails as long as 637.3 is support.

Alternative scenario

Below 637.3, expect 627.7 and 622.0.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 631.5 and 620.4). Finally, the Binance Coin / Dollar is trading above its upper Bollinger band (standing at 646.3).

Supports and resistances

682.8 **

677.1 *

671.3 **

665.5

647.5 last

641.1

637.3 **

627.7 *

622.0 **

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