Binance Coin / Dollar may rise to 585.4 - 592.8

Our pivot point stands at 560.4.

Our preference

The upside prevails as long as 560.4 is support.

Alternative scenario

Below 560.4, expect 548.0 and 540.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 561.3 and 565.2).

Supports and resistances

607.5 **

600.1 *

592.8 **

585.4

570.3 last

565.2

560.4 **

548.0 *

540.7 **

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