Binance Coin / Dollar may rise to 710.8 - 717.0

Our pivot point stands at 687.8.

Our preference

As long as 687.8 is support look for 717.

Alternative scenario

Below 687.8, expect 677.5 and 671.3.

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 (698.1) but above its 50 period moving average (682.3).

Supports and resistances

729.3 **

723.2 *

717.0 **

710.8

696.3 last

691.8

687.8 **

677.5 *

671.3 **

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