Binance Coin / Dollar may rise to 604.1 - 611.1

Our pivot point stands at 575.2.

Our preference

The upside prevails as long as 575.2 is support.

Alternative scenario

The downside breakout of 575.2 would call for 563.4 and 556.5.

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 580.3 and 579.7).

Supports and resistances

625.2 **

618.2 *

611.1 **

604.1

587.3 last

579.8

575.2 **

563.4 *

556.5 **

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