Binance Coin / Dollar may rise to 604.7 - 609.6

588.0 is our pivot point.

Our preference

The upside prevails as long as 588 is support.

Alternative scenario

Below 588.0, expect 579.8 and 574.9.

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 above its 20 and 50 period moving average (respectively at 592.6 and 588).

Supports and resistances

619.3 **

614.5 *

609.6 **

604.7

594.5 last

591.2

588.0 **

579.8 *

574.9 **

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