Binance Coin / Dollar may rise to 711.1 - 717.3

Our pivot point is at 690.7.

Our preference

As long as 690.7 is support look for 717.3.

Alternative scenario

Below 690.7, expect 680.3 and 674.1.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (699.4) but above its 50 period moving average (674.1).

Supports and resistances

729.6 **

723.5 *

717.3 **

711.1

698.8 last

694.7

690.7 **

680.3 *

674.1 **

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