Binance Coin / Dollar may rise to 623.3 - 629.8

601.7 is our pivot point.

Our preference

The upside prevails as long as 601.7 is support.

Alternative scenario

Below 601.7, expect 590.8 and 584.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 607.8 and 606.7).

Supports and resistances

642.7 **

636.3 *

629.8 **

623.3

610.3 last

606.0

601.7 **

590.8 *

584.4 **

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