Binance Coin / Dollar may fall to 679.2 - 685.4

708.3 is our pivot point.

Our preference

Under pressure below 708.3.

Alternative scenario

Above 708.3, look for 718.6 and 724.8.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 706.3 and 702.6).

Supports and resistances

724.8 **

718.6 *

708.3 **

704.2

699.4 last

685.4

679.2 **

673.1 *

666.9 **

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