Binance Coin / Dollar may rise to 717.9 - 724.1

Our pivot point stands at 693.3.

Our preference

As long as 693.3 is support look for 724.1.

Alternative scenario

Below 693.3, expect 682.9 and 676.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 698.7 and 685.4).

Supports and resistances

736.5 **

730.3 *

724.1 **

717.9

705.4 last

697.4

693.3 **

682.9 *

676.7 **

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