Binance Coin / Dollar may rise to 624.7 - 631.2

600.3 is our pivot point.

Our preference

The upside prevails as long as 600.3 is support.

Alternative scenario

The downside breakout of 600.3 would call for 589.4 and 583.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 604.1 and 609.7).

Supports and resistances

644.2 **

637.7 *

631.2 **

624.7

611.0 last

604.5

600.3 **

589.4 *

583.0 **

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