Binance Coin / Dollar may rise to 614.2 - 620.0

Our pivot point stands at 593.7.

Our preference

The upside prevails as long as 593.7 is support.

Alternative scenario

The downside breakout of 593.7 would call for 584 and 578.2.

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 above its 20 and 50 period moving average (respectively at 600.5 and 602).

Supports and resistances

631.7 **

625.8 *

620.0 **

614.2

602.2 last

597.6

593.7 **

584.0 *

578.2 **

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