Binance Coin / Dollar may rise to 584.8 - 592.2

Our pivot point stands at 559.4.

Our preference

The upside prevails as long as 559.4 is support.

Alternative scenario

The downside breakout of 559.4 would call for 547.1 and 539.7.

Comment

The RSI is above 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 562.8 and 565.3).

Supports and resistances

606.9 **

599.5 *

592.2 **

584.8

569.1 last

564.3

559.4 **

547.1 *

539.7 **

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