Binance Coin / Dollar may rise to 616.7 - 623.9

Our pivot point is at 590.7.

Our preference

The upside prevails as long as 590.7 is support.

Alternative scenario

Below 590.7, expect 578.7 and 571.5.

Comment

The RSI is above its neutrality area at 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 598.6 and 595.6).

Supports and resistances

638.3 **

631.1 *

623.9 **

616.7

601.2 last

595.5

590.7 **

578.7 *

571.5 **

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