Binance Coin / Dollar may rise to 600.5 - 608.0

Our pivot point is at 570.7.

Our preference

As long as 570.7 is support look for 608.

Alternative scenario

The downside breakout of 570.7 would call for 558.1 and 550.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 576.5 and 568.7).

Supports and resistances

623.1 **

615.6 *

608.0 **

600.5

584.9 last

575.7

570.7 **

558.1 *

550.7 **

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