Binance Coin / Dollar may rise to 612.6 - 617.9

593.3 is our pivot point.

Our preference

The upside prevails as long as 593.3 is support.

Alternative scenario

The downside breakout of 593.3 would call for 584.3 and 579.

Comment

The RSI is above 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 595.2 and 591.6).

Supports and resistances

628.6 **

623.2 *

617.9 **

612.6

600.6 last

596.8

593.3 **

584.3 *

579.0 **

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