Binance Coin / Dollar may rise to 615.7 - 621.1

Our pivot point stands at 597.1.

Our preference

The upside prevails as long as 597.1 is support.

Alternative scenario

The downside breakout of 597.1 would call for 588.1 and 582.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 598.4 and 593.5).

Supports and resistances

631.8 **

626.4 *

621.1 **

615.7

604.3 last

600.7

597.1 **

588.1 *

582.8 **

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