Binance Coin / Dollar may rise to 605.1 - 610.0

Our pivot point stands at 586.8.

Our preference

Rebound towards 610.0.

Alternative scenario

The downside breakout of 586.8 would call for 578.6 and 573.8.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (594.9) but under its 50 period moving average (599.2).

Supports and resistances

619.8 **

614.9 *

610.0 **

605.1

595.4 last

590.0

586.8 **

578.6 *

573.8 **

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