Binance Coin / Dollar may rise to 720.6 - 726.8

695.2 is our pivot point.

Our preference

As long as 695.2 is support look for 726.8.

Alternative scenario

Below 695.2, expect 684.8 and 678.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 704.3 and 698.6).

Supports and resistances

739.3 **

733.1 *

726.8 **

720.6

706.0 last

699.3

695.2 **

684.8 *

678.6 **

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