Binance Coin / Dollar may rise to 599.2 - 606.2

Our pivot point is at 575.8.

Our preference

The upside prevails as long as 575.8 is support.

Alternative scenario

Below 575.8, expect 564.0 and 557.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 577.8 and 580.2).

Supports and resistances

620.2 **

613.2 *

606.2 **

599.2

585.2 last

580.4

575.8 **

564.0 *

557.1 **

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