Binance Coin / Dollar may rise to 617.6 - 623.7

Our pivot point stands at 591.8.

Our preference

As long as 591.8 is support look for 623.7.

Alternative scenario

The downside breakout of 591.8 would call for 581.7 and 575.7.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 602 and 602).

Supports and resistances

635.9 **

629.8 *

623.7 **

617.6

602.8 last

595.8

591.8 **

581.7 *

575.7 **

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