Binance Coin / Dollar may rise to 605.7 - 612.8

Our pivot point stands at 580.5.

Our preference

As long as 580.5 is support look for 612.8.

Alternative scenario

The downside breakout of 580.5 would call for 568.7 and 561.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 589.3 and 578.5).

Supports and resistances

626.9 **

619.9 *

612.8 **

605.7

591.3 last

585.1

580.5 **

568.7 *

561.6 **

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