Binance Coin / Dollar may rise to 585.1 - 591.9

Our pivot point stands at 559.3.

Our preference

Rebound.

Alternative scenario

The downside breakout of 559.3 would call for 547.9 and 541.1.

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 stands above its 20 period moving average (567.9) but below its 50 period moving average (574.2).

Supports and resistances

605.5 **

598.7 *

591.9 **

585.1

571.0 last

563.8

559.3 **

547.9 *

541.1 **

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