Binance Coin / Dollar may rise to 591.8 - 598.7

Our pivot point stands at 563.5.

Our preference

The upside prevails as long as 563.5 is support.

Alternative scenario

Below 563.5, expect 552.0 and 545.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 570.9 and 572).

Supports and resistances

612.6 **

605.7 *

598.7 **

591.8

574.3 last

568.0

563.5 **

552.0 *

545.1 **

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