Binance Coin / Dollar may rise to 608.5 - 615.6

Our pivot point is at 581.4.

Our preference

The upside prevails as long as 581.4 is support.

Alternative scenario

Below 581.4, expect 569.6 and 562.5.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 588.9 and 584.9).

Supports and resistances

629.8 **

622.7 *

615.6 **

608.5

592.6 last

586.1

581.4 **

569.6 *

562.5 **

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