Binance Coin / Dollar may rise to 615.3 - 621.2

592.8 is our pivot point.

Our preference

The upside prevails as long as 592.8 is support.

Alternative scenario

The downside breakout of 592.8 would call for 583.1 and 577.3.

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 599.8 and 596.2).

Supports and resistances

632.8 **

627.0 *

621.2 **

615.3

601.5 last

596.6

592.8 **

583.1 *

577.3 **

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