Binance Coin / Dollar may rise to 603.0 - 607.9

Our pivot point stands at 585.6.

Our preference

The upside prevails as long as 585.6 is support.

Alternative scenario

The downside breakout of 585.6 would call for 577.4 and 572.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 587.6 and 588).

Supports and resistances

617.6 **

612.8 *

607.9 **

603.0

592.4 last

588.8

585.6 **

577.4 *

572.6 **

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