Binance Coin / Dollar may rise to 612.1 - 618.1

589.9 is our pivot point.

Our preference

The upside prevails as long as 589.9 is support.

Alternative scenario

The downside breakout of 589.9 would call for 579.9 and 573.9.

Comment

The RSI is above 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 586.3 and 594.6). Finally, the Binance Coin / Dollar has crossed above its upper Bollinger band (599.1).

Supports and resistances

630.1 **

624.1 *

618.1 **

612.1

599.7 last

593.8

589.9 **

579.9 *

573.9 **

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