Binance Coin / Dollar may rise to 593.1 - 598.8

Our pivot point stands at 570.7.

Our preference

As long as 570.7 is support look for 598.8.

Alternative scenario

The downside breakout of 570.7 would call for 561.2 and 555.6.

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 trading under its 20 period moving average (581.8) but above its 50 period moving average (576).

Supports and resistances

610.1 **

604.5 *

598.8 **

593.1

579.9 last

574.5

570.7 **

561.2 *

555.6 **

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