Binance Coin / Dollar may rise to 583.9 - 591.1

Our pivot point stands at 556.6.

Our preference

The upside prevails as long as 556.6 is support.

Alternative scenario

Below 556.6, expect 544.7 and 537.6.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 559 and 545.4).

Supports and resistances

605.3 **

598.2 *

591.1 **

583.9

567.7 last

561.2

556.6 **

544.7 *

537.6 **

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