Binance Coin / Dollar may rise to 618.0 - 624.0

Our pivot point stands at 595.5.

Our preference

The upside prevails as long as 595.5 is support.

Alternative scenario

The downside breakout of 595.5 would call for 585.4 and 579.4.

Comment

The RSI is above 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 599 and 593.9).

Supports and resistances

636.0 **

630.0 *

624.0 **

618.0

604.1 last

599.4

595.5 **

585.4 *

579.4 **

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