Binance Coin / Dollar may rise to 604.0 - 609.3

Our pivot point stands at 583.8.

Our preference

As long as 583.8 is support look for 609.3.

Alternative scenario

Below 583.8, expect 575.0 and 569.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 592.4 and 588.5).

Supports and resistances

619.8 **

614.5 *

609.3 **

604.0

593.1 last

587.2

583.8 **

575.0 *

569.8 **

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