Binance Coin / Dollar may rise to 611.5 - 616.8

Our pivot point stands at 587.7.

Our preference

The upside prevails as long as 587.7 is support.

Alternative scenario

Below 587.7, expect 578.9 and 573.6.

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 592.6 and 595.8).

Supports and resistances

627.4 **

622.1 *

616.8 **

611.5

597.1 last

591.2

587.7 **

578.9 *

573.6 **

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