Binance Coin / Dollar may rise to 594.8 - 601.7

Our pivot point stands at 566.1.

Our preference

The upside prevails as long as 566.1 is support.

Alternative scenario

Below 566.1, expect 554.6 and 547.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 577.5 and 574.3).

Supports and resistances

615.6 **

608.7 *

601.7 **

594.8

579.6 last

570.7

566.1 **

554.6 *

547.7 **

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