Binance Coin / Dollar may rise to 605.9 - 611.1

Our pivot point is at 584.2.

Our preference

The upside prevails as long as 584.2 is support.

Alternative scenario

Below 584.2, expect 575.4 and 570.1.

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 trading above both its 20 and 50 period moving average (respectively at 588.7 and 583.5).

Supports and resistances

621.7 **

616.4 *

611.1 **

605.9

593.9 last

587.6

584.2 **

575.4 *

570.1 **

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