Binance Coin / Dollar may rise to 642.6 - 648.2

Our pivot point is at 623.2.

Our preference

As long as 623.2 is support look for 648.2.

Alternative scenario

The downside breakout of 623.2 would call for 613.8 and 608.2.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 627.7 and 613).

Supports and resistances

659.4 **

653.8 *

648.2 **

642.6

630.5 last

626.8

623.2 **

613.8 *

608.2 **

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