Binance Coin / Dollar may rise to 616.0 - 621.4

597.7 is our pivot point.

Our preference

As long as 597.7 is support look for 621.4.

Alternative scenario

Below 597.7, expect 588.7 and 583.4.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 604.4 and 599.9).

Supports and resistances

632.1 **

626.8 *

621.4 **

616.0

604.9 last

601.3

597.7 **

588.7 *

583.4 **

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