Binance Coin / Dollar may rise to 611.7 - 617.0

Our pivot point is at 592.0.

Our preference

As long as 592 is support look for 617.

Alternative scenario

The downside breakout of 592 would call for 583.1 and 577.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (600) but above its 50 period moving average (594.6).

Supports and resistances

627.6 **

622.3 *

617.0 **

611.7

599.9 last

595.5

592.0 **

583.1 *

577.8 **

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