Binance Coin / Dollar may rise to 602.7 - 609.7

Our pivot point stands at 575.4.

Our preference

Rebound.

Alternative scenario

The downside breakout of 575.4 would call for 563.7 and 556.7.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (583.1) but under its 50 period moving average (587.6).

Supports and resistances

623.8 **

616.8 *

609.7 **

602.7

586.8 last

580.0

575.4 **

563.7 *

556.7 **

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