Binance Coin / Dollar may rise to 603.1 - 608.9

Our pivot point is at 583.5.

Our preference

Rebound.

Alternative scenario

Below 583.5, expect 573.7 and 567.8.

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 trigger further gains. Moreover, the price is trading above its 20 period moving average (585.5) but under its 50 period moving average (594.8).

Supports and resistances

620.7 **

614.8 *

608.9 **

603.1

591.3 last

587.4

583.5 **

573.7 *

567.8 **

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