Binance Coin / Dollar may rise to 606.9 - 612.2

Our pivot point stands at 588.7.

Our preference

The upside prevails as long as 588.7 is support.

Alternative scenario

Below 588.7, expect 579.9 and 574.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 590.9 and 586.7).

Supports and resistances

622.7 **

617.4 *

612.2 **

606.9

596.3 last

592.2

588.7 **

579.9 *

574.6 **

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