Binance Coin / Dollar may rise to 704.1 - 710.2

Our pivot point is at 679.9.

Our preference

As long as 679.9 is support look for 710.2.

Alternative scenario

The downside breakout of 679.9 would call for 669.7 and 663.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (700.1) but above its 50 period moving average (666.9).

Supports and resistances

722.4 **

716.3 *

710.2 **

704.1

690.7 last

683.9

679.9 **

669.7 *

663.6 **

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