Binance Coin / Dollar may rise to 618.4 - 624.5

Our pivot point stands at 596.1.

Our preference

The upside prevails as long as 596.1 is support.

Alternative scenario

The downside breakout of 596.1 would call for 585.9 and 579.9.

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 601.7 and 602.1).

Supports and resistances

636.7 **

630.6 *

624.5 **

618.4

605.5 last

600.2

596.1 **

585.9 *

579.9 **

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