Binance Coin / Dollar may rise to 605.1 - 610.4

587.0 is our pivot point.

Our preference

The upside prevails as long as 587 is support.

Alternative scenario

The downside breakout of 587 would call for 578.1 and 572.8.

Comment

The RSI is above 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 591.8 and 587.6).

Supports and resistances

620.9 **

615.7 *

610.4 **

605.1

594.6 last

590.4

587.0 **

578.1 *

572.8 **

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