Binance Coin / Dollar may rise to 594.8 - 602.2

Our pivot point stands at 564.5.

Our preference

The upside prevails as long as 564.5 is support.

Alternative scenario

The downside breakout of 564.5 would call for 552.1 and 544.7.

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 566.8 and 565.6).

Supports and resistances

617.2 **

609.7 *

602.2 **

594.8

579.1 last

569.4

564.5 **

552.1 *

544.7 **

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