Binance Coin / Dollar may rise to 617.3 - 623.4

Our pivot point stands at 594.6.

Our preference

The upside prevails as long as 594.6 is support.

Alternative scenario

The downside breakout of 594.6 would call for 584.5 and 578.4.

Comment

The RSI is above 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 601.9 and 602.1).

Supports and resistances

635.5 **

629.5 *

623.4 **

617.3

604.0 last

598.6

594.6 **

584.5 *

578.4 **

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