Binance Coin / Dollar may rise to 721.6 - 727.9

Our pivot point is at 697.3.

Our preference

As long as 697.3 is support look for 727.9.

Alternative scenario

Below 697.3, expect 686.8 and 680.6.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 707.1 and 703).

Supports and resistances

740.4 **

734.1 *

727.9 **

721.6

707.3 last

701.4

697.3 **

686.8 *

680.6 **

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