Binance Coin / Dollar may rise to 615.1 - 621.0

Our pivot point stands at 594.7.

Our preference

The upside prevails as long as 594.7 is support.

Alternative scenario

The downside breakout of 594.7 would call for 585 and 579.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 600.5 and 601.9).

Supports and resistances

632.6 **

626.8 *

621.0 **

615.1

603.2 last

598.6

594.7 **

585.0 *

579.2 **

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