Binance Coin / Dollar may rise to 622.9 - 629.4

Our pivot point stands at 598.8.

Our preference

Our next up target stands at 629.4.

Alternative scenario

The downside breakout of 598.8 would call for 588 and 581.5.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 602.9 and 605.3).

Supports and resistances

642.4 **

635.9 *

629.4 **

622.9

608.9 last

603.0

598.8 **

588.0 *

581.5 **

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