Binance Coin / Dollar may rise to 609.5 - 616.6

Our pivot point stands at 581.8.

Our preference

The upside prevails as long as 581.8 is support.

Alternative scenario

The downside breakout of 581.8 would call for 569.9 and 562.8.

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 trading above both its 20 and 50 period moving average (respectively at 586.4 and 584.5).

Supports and resistances

630.9 **

623.8 *

616.6 **

609.5

592.7 last

586.4

581.8 **

569.9 *

562.8 **

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