Binance Coin / Dollar may rise to 604.5 - 609.4

Our pivot point stands at 586.5.

Our preference

Rebound towards 609.4.

Alternative scenario

Below 586.5, expect 578.3 and 573.5.

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 stands below its 20 and 50 period moving average (respectively at 594 and 598.6).

Supports and resistances

619.1 **

614.3 *

609.4 **

604.5

593.9 last

589.7

586.5 **

578.3 *

573.5 **

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