Binance Coin / Dollar may rise to 589.0 - 595.9

Our pivot point stands at 560.1.

Our preference

Rebound towards 595.9.

Alternative scenario

Below 560.1, expect 548.7 and 541.9.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (572.9) but under its 50 period moving average (580.6).

Supports and resistances

609.7 **

602.8 *

595.9 **

589.0

572.9 last

564.6

560.1 **

548.7 *

541.9 **

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