Binance Coin / Dollar may rise to 611.5 - 617.5

589.7 is our pivot point.

Our preference

As long as 589.7 is support look for 617.5.

Alternative scenario

The downside breakout of 589.7 would call for 579.7 and 573.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 598.9 and 593.1).

Supports and resistances

629.4 **

623.5 *

617.5 **

611.5

599.4 last

593.6

589.7 **

579.7 *

573.7 **

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