Binance Coin / Dollar may rise to 584.6 - 591.9

Our pivot point stands at 559.3.

Our preference

As long as 559.3 is support look for 591.9.

Alternative scenario

The downside breakout of 559.3 would call for 547 and 539.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 565 and 548.4).

Supports and resistances

606.6 **

599.3 *

591.9 **

584.6

569.1 last

564.2

559.3 **

547.0 *

539.7 **

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