Binance Coin / Dollar may rise to 582.9 - 588.5

Our pivot point is at 561.8.

Our preference

Our next up target stands at 588.5.

Alternative scenario

Below 561.8, expect 552.5 and 546.9.

Comment

The RSI is above 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 both its 20 and 50 period moving average (respectively at 570.4 and 571.1).

Supports and resistances

599.7 **

594.1 *

588.5 **

582.9

571.1 last

565.5

561.8 **

552.5 *

546.9 **

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