Binance Coin / Dollar may rise to 614.3 - 620.2

Our pivot point is at 594.9.

Our preference

The upside prevails as long as 594.9 is support.

Alternative scenario

Below 594.9, expect 585.1 and 579.3.

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 600.2 and 598.6).

Supports and resistances

631.8 **

626.0 *

620.2 **

614.3

602.7 last

598.7

594.9 **

585.1 *

579.3 **

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