Binance Coin / Dollar may rise to 642.3 - 647.9

Our pivot point stands at 620.6.

Our preference

As long as 620.6 is support look for 647.9.

Alternative scenario

The downside breakout of 620.6 would call for 611.3 and 605.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 627.8 and 616.2).

Supports and resistances

659.1 **

653.5 *

647.9 **

642.3

629.2 last

624.2

620.6 **

611.3 *

605.7 **

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