Binance Coin / Dollar may rise to 617.7 - 623.8

Our pivot point stands at 593.9.

Our preference

The upside prevails as long as 593.9 is support.

Alternative scenario

Below 593.9, expect 583.7 and 577.7.

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 602.1 and 602.1).

Supports and resistances

636.0 **

629.9 *

623.8 **

617.7

604.3 last

597.9

593.9 **

583.7 *

577.7 **

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