Binance Coin / Dollar may rise to 615.0 - 620.4

596.7 is our pivot point.

Our preference

The upside prevails as long as 596.7 is support.

Alternative scenario

Below 596.7, expect 587.8 and 582.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 600.2 and 598.2).

Supports and resistances

631.1 **

625.7 *

620.4 **

615.0

604.0 last

600.3

596.7 **

587.8 *

582.4 **

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