Binance Coin / Dollar may rise to 611.2 - 617.2

Our pivot point is at 590.1.

Our preference

The upside prevails as long as 590.1 is support.

Alternative scenario

The downside breakout of 590.1 would call for 580.2 and 574.2.

Comment

The RSI is above its neutrality area at 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 594.4 and 594.3).

Supports and resistances

629.1 **

623.1 *

617.2 **

611.2

598.9 last

594.1

590.1 **

580.2 *

574.2 **

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