Binance Coin / Dollar may rise to 602.7 - 609.7

574.3 is our pivot point.

Our preference

The upside prevails as long as 574.3 is support.

Alternative scenario

The downside breakout of 574.3 would call for 562.6 and 555.6.

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 583.4 and 578.9).

Supports and resistances

623.8 **

616.7 *

609.7 **

602.7

586.8 last

578.9

574.3 **

562.6 *

555.6 **

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