Binance Coin / Dollar may rise to 710.4 - 716.6

Our pivot point stands at 688.3.

Our preference

As long as 688.3 is support look for 716.6.

Alternative scenario

The downside breakout of 688.3 would call for 678 and 671.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (698.2) but above its 50 period moving average (679.7).

Supports and resistances

728.9 **

722.7 *

716.6 **

710.4

696.9 last

692.3

688.3 **

678.0 *

671.8 **

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