Binance Coin / Dollar may rise to 588.9 - 596.3

Our pivot point is at 559.7.

Our preference

As long as 559.7 is support look for 596.3.

Alternative scenario

Below 559.7, expect 547.4 and 540.0.

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 above its 20 and 50 period moving average (respectively at 568.5 and 552).

Supports and resistances

611.1 **

603.7 *

596.3 **

588.9

573.2 last

564.6

559.7 **

547.4 *

540.0 **

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