Binance Coin / Dollar may rise to 606.5 - 611.3

Our pivot point stands at 582.9.

Our preference

The upside prevails as long as 582.9 is support.

Alternative scenario

The downside breakout of 582.9 would call for 574.8 and 569.9.

Comment

The RSI is above its neutrality area at 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 590.6 and 587.8).

Supports and resistances

621.1 **

616.2 *

611.3 **

606.5

594.4 last

586.0

582.9 **

574.8 *

569.9 **

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