Binance Coin / Dollar may rise to 699.5 - 705.6

677.2 is our pivot point.

Our preference

Rebound towards 705.6.

Alternative scenario

Below 677.2, expect 667.1 and 661.0.

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 686 and 694.1).

Supports and resistances

717.7 **

711.7 *

705.6 **

699.5

685.9 last

681.2

677.2 **

667.1 *

661.0 **

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