Binance Coin / Dollar may rise to 608.3 - 614.1

Our pivot point stands at 582.1.

Our preference

Rebound.

Alternative scenario

The downside breakout of 582.1 would call for 572.6 and 566.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (593.3) but under its 50 period moving average (594.4).

Supports and resistances

625.6 **

619.9 *

614.1 **

608.3

593.8 last

585.9

582.1 **

572.6 *

566.9 **

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