Binance Coin / Dollar may rise to 638.1 - 644.4

Our pivot point stands at 610.7.

Our preference

As long as 610.7 is support look for 644.4.

Alternative scenario

The downside breakout of 610.7 would call for 600.2 and 594.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 617.4 and 602.6).

Supports and resistances

657.0 **

650.7 *

644.4 **

638.1

625.5 last

614.8

610.7 **

600.2 *

594.0 **

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