Binance Coin / Dollar may rise to 617.5 - 624.7

Our pivot point stands at 590.6.

Our preference

The upside prevails as long as 590.6 is support.

Alternative scenario

Below 590.6, expect 578.6 and 571.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 597 and 594.7).

Supports and resistances

639.1 **

631.9 *

624.7 **

617.5

602.4 last

595.4

590.6 **

578.6 *

571.4 **

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