Binance Coin / Dollar may rise to 713.9 - 720.1

Our pivot point stands at 693.3.

Our preference

As long as 693.3 is support look for 720.1.

Alternative scenario

The downside breakout of 693.3 would call for 682.9 and 676.7.

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 trading above both its 20 and 50 period moving average (respectively at 698.9 and 677).

Supports and resistances

732.5 **

726.3 *

720.1 **

713.9

701.5 last

697.4

693.3 **

682.9 *

676.7 **

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