Binance Coin / Dollar may rise to 725.6 - 731.9

691.8 is our pivot point.

Our preference

The upside prevails as long as 691.8 is support.

Alternative scenario

The downside breakout of 691.8 would call for 681.5 and 675.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 700.3 and 692.7).

Supports and resistances

744.5 **

738.2 *

731.9 **

725.6

710.9 last

695.9

691.8 **

681.5 *

675.3 **

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