Binance Coin / Dollar may rise to 598.9 - 605.9

Our pivot point is at 575.6.

Our preference

The upside prevails as long as 575.6 is support.

Alternative scenario

The downside breakout of 575.6 would call for 563.9 and 556.9.

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 576.7 and 580.5).

Supports and resistances

619.8 **

612.9 *

605.9 **

598.9

584.8 last

580.2

575.6 **

563.9 *

556.9 **

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