Binance Coin / Dollar may rise to 642.6 - 648.2

621.3 is our pivot point.

Our preference

As long as 621.3 is support look for 648.2.

Alternative scenario

The downside breakout of 621.3 would call for 612 and 606.4.

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 above its 20 and 50 period moving average (respectively at 628.2 and 615.1).

Supports and resistances

659.4 **

653.8 *

648.2 **

642.6

630.1 last

624.9

621.3 **

612.0 *

606.4 **

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