Binance Coin / Dollar may rise to 611.7 - 617.5

Our pivot point stands at 589.5.

Our preference

The upside prevails as long as 589.5 is support.

Alternative scenario

Below 589.5, expect 579.8 and 574.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 595.3 and 597.2).

Supports and resistances

629.0 **

623.2 *

617.5 **

611.7

597.4 last

593.3

589.5 **

579.8 *

574.1 **

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