Binance Coin / Dollar may rise to 611.0 - 618.2

Our pivot point is at 582.1.

Our preference

As long as 582.1 is support look for 618.2.

Alternative scenario

Below 582.1, expect 570.2 and 563.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (594.6) but above its 50 period moving average (589.3).

Supports and resistances

632.4 **

625.3 *

618.2 **

611.0

593.4 last

586.8

582.1 **

570.2 *

563.2 **

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