Binance Coin / Dollar may rise to 610.1 - 615.4

Our pivot point stands at 590.5.

Our preference

The upside prevails as long as 590.5 is support.

Alternative scenario

The downside breakout of 590.5 would call for 581.6 and 576.3.

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 597 and 597.6).

Supports and resistances

626.0 **

620.7 *

615.4 **

610.1

598.6 last

594.0

590.5 **

581.6 *

576.3 **

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