Binance Coin / Dollar may rise to 622.1 - 628.6

Our pivot point is at 598.2.

Our preference

Rebound.

Alternative scenario

Below 598.2, expect 587.4 and 581.0.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (602.6) but under its 50 period moving average (610.2).

Supports and resistances

641.5 **

635.1 *

628.6 **

622.1

607.8 last

602.5

598.2 **

587.4 *

581.0 **

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