Binance Coin / Dollar may rise to 582.5 - 589.9

Our pivot point stands at 557.2.

Our preference

The upside prevails as long as 557.2 is support.

Alternative scenario

Below 557.2, expect 544.9 and 537.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 561.8 and 565.3).

Supports and resistances

604.5 **

597.2 *

589.9 **

582.5

566.8 last

562.0

557.2 **

544.9 *

537.6 **

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