Binance Coin / Dollar may rise to 608.6 - 613.9

Our pivot point stands at 590.7.

Our preference

The upside prevails as long as 590.7 is support.

Alternative scenario

The downside breakout of 590.7 would call for 581.8 and 576.5.

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 above its 20 and 50 period moving average (respectively at 593.8 and 590.2).

Supports and resistances

624.5 **

619.2 *

613.9 **

608.6

597.7 last

594.2

590.7 **

581.8 *

576.5 **

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