Binance Coin / Dollar may rise to 590.4 - 595.9

Our pivot point stands at 568.0.

Our preference

Rebound towards 595.9.

Alternative scenario

Below 568.0, expect 558.8 and 553.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (578.4) but under its 50 period moving average (579).

Supports and resistances

606.9 **

601.4 *

595.9 **

590.4

578.4 last

571.6

568.0 **

558.8 *

553.4 **

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