Binance Coin / Dollar may rise to 602.1 - 609.7

Our pivot point stands at 576.2.

Our preference

As long as 576.2 is support look for 609.7.

Alternative scenario

The downside breakout of 576.2 would call for 563.5 and 556.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 582.4 and 570.8).

Supports and resistances

624.8 **

617.3 *

609.7 **

602.1

586.3 last

581.2

576.2 **

563.5 *

556.0 **

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