Binance Coin / Dollar may rise to 588.9 - 595.7

Our pivot point stands at 565.6.

Our preference

Our next up target stands at 595.7.

Alternative scenario

Below 565.6, expect 554.1 and 547.2.

Comment

The RSI is above 50. The MACD is above its signal line and negative. 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 574.4 and 574.7).

Supports and resistances

609.5 **

602.6 *

595.7 **

588.9

574.9 last

570.1

565.6 **

554.1 *

547.2 **

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