Binance Coin / Dollar may rise to 609.9 - 615.2

Our pivot point is at 589.4.

Our preference

The upside prevails as long as 589.4 is support.

Alternative scenario

The downside breakout of 589.4 would call for 580.5 and 575.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 593.2 and 596).

Supports and resistances

625.8 **

620.5 *

615.2 **

609.9

597.4 last

592.9

589.4 **

580.5 *

575.2 **

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