Binance Coin / Dollar may rise to 608.3 - 614.1

586.2 is our pivot point.

Our preference

Rebound towards 614.1.

Alternative scenario

The downside breakout of 586.2 would call for 576.6 and 570.9.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 595.9 and 598.4).

Supports and resistances

625.6 **

619.8 *

614.1 **

608.3

595.0 last

590.0

586.2 **

576.6 *

570.9 **

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