Binance Coin / Dollar may rise to 616.2 - 621.6

Our pivot point is at 597.1.

Our preference

The upside prevails as long as 597.1 is support.

Alternative scenario

Below 597.1, expect 588.1 and 582.8.

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 599.7 and 594.1).

Supports and resistances

632.3 **

627.0 *

621.6 **

616.2

605.4 last

600.7

597.1 **

588.1 *

582.8 **

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