Binance Coin / Dollar may rise to 608.4 - 614.2

589.3 is our pivot point.

Our preference

Rebound towards 614.2.

Alternative scenario

The downside breakout of 589.3 would call for 579.6 and 573.9.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (596.4) but below its 50 period moving average (598.6).

Supports and resistances

625.7 **

619.9 *

614.2 **

608.4

596.9 last

593.1

589.3 **

579.6 *

573.9 **

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