Binance Coin / Dollar may rise to 604.6 - 609.5

Our pivot point is at 587.6.

Our preference

The upside prevails as long as 587.6 is support.

Alternative scenario

The downside breakout of 587.6 would call for 579.4 and 574.5.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 591.7 and 587.7).

Supports and resistances

619.2 **

614.3 *

609.5 **

604.6

594.4 last

590.8

587.6 **

579.4 *

574.5 **

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