Binance Coin / Dollar may rise to 603.4 - 608.7

Our pivot point stands at 585.1.

Our preference

Rebound towards 608.7.

Alternative scenario

Below 585.1, expect 576.3 and 571.0.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 592.8 and 595.6).

Supports and resistances

619.2 **

613.9 *

608.7 **

603.4

592.5 last

588.6

585.1 **

576.3 *

571.0 **

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