Binance Coin / Dollar may rise to 721.2 - 727.5

696.6 is our pivot point.

Our preference

As long as 696.6 is support look for 727.5.

Alternative scenario

Below 696.6, expect 686.1 and 679.9.

Comment

The RSI is above its neutrality area at 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 705.4 and 703).

Supports and resistances

740.0 **

733.7 *

727.5 **

721.2

705.4 last

700.7

696.6 **

686.1 *

679.9 **

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