Binance Coin / Dollar may rise to 598.7 - 605.7

Our pivot point is at 572.1.

Our preference

Rebound towards 605.7.

Alternative scenario

The downside breakout of 572.1 would call for 560.5 and 553.5.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 584.7 and 591.9).

Supports and resistances

619.6 **

612.6 *

605.7 **

598.7

581.3 last

576.7

572.1 **

560.5 *

553.5 **

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