Binance Coin / Dollar may rise to 615.7 - 622.1

Our pivot point is at 592.1.

Our preference

Rebound towards 622.1.

Alternative scenario

The downside breakout of 592.1 would call for 581.4 and 575.

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 above its 20 period moving average (602.6) but below its 50 period moving average (610.5).

Supports and resistances

634.9 **

628.5 *

622.1 **

615.7

602.8 last

596.3

592.1 **

581.4 *

575.0 **

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