Binance Coin / Dollar may rise to 622.5 - 628.6

Our pivot point stands at 597.5.

Our preference

The upside prevails as long as 597.5 is support.

Alternative scenario

Below 597.5, expect 587.3 and 581.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 604.8 and 602.9).

Supports and resistances

640.9 **

634.7 *

628.6 **

622.5

607.3 last

601.5

597.5 **

587.3 *

581.2 **

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