Binance Coin / Dollar may rise to 604.3 - 609.6

Our pivot point is at 583.4.

Our preference

As long as 583.4 is support look for 609.6.

Alternative scenario

Below 583.4, expect 574.6 and 569.4.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (592.1) but above its 50 period moving average (588).

Supports and resistances

620.1 **

614.8 *

609.6 **

604.3

592.0 last

586.8

583.4 **

574.6 *

569.4 **

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