Binance Coin / Dollar may rise to 682.9 - 688.9

Our pivot point stands at 657.0.

Our preference

The upside prevails as long as 657 is support.

Alternative scenario

Below 657.0, expect 647.1 and 641.2.

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 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 643.7 and 628.4).

Supports and resistances

700.7 **

694.8 *

688.9 **

682.9

670.3 last

660.8

657.0 **

647.1 *

641.2 **

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