Binance Coin / Dollar may rise to 584.2 - 591.1

557.2 is our pivot point.

Our preference

As long as 557.2 is support look for 591.1.

Alternative scenario

The downside breakout of 557.2 would call for 545.8 and 539.

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 below its 20 period moving average (574.5) but above its 50 period moving average (561.3).

Supports and resistances

604.7 **

597.9 *

591.1 **

584.2

570.5 last

561.6

557.2 **

545.8 *

539.0 **

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