Cryptocurrency

Binance Coin / Dollar may rise to 701.9 - 708.0

2024-06-08

678.6 is our pivot point.

Our preference

Rebound towards 708.0.

Alternative scenario

Below 678.6, expect 668.4 and 662.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 689.1 and 699).

Supports and resistances

720.1 **

714.0 *

708.0 **

701.9

688.9 last

682.6

678.6 **

668.4 *

662.4 **

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

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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