Binance Coin / Dollar may rise to 622.4 - 628.9

598.1 is our pivot point.

Our preference

Rebound towards 628.9.

Alternative scenario

The downside breakout of 598.1 would call for 587.3 and 580.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 612.1 and 636.8).

Supports and resistances

641.8 **

635.4 *

628.9 **

622.4

608.7 last

602.4

598.1 **

587.3 *

580.9 **

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