Binance Coin / Dollar may rise to 620.1 - 626.5

596.1 is our pivot point.

Our preference

As long as 596.1 is support look for 626.5.

Alternative scenario

Below 596.1, expect 585.4 and 579.0.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 606.3 and 603.9).

Supports and resistances

639.4 **

633.0 *

626.5 **

620.1

606.7 last

600.4

596.1 **

585.4 *

579.0 **

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