Binance Coin / Dollar may rise to 596.5 - 604.0

Our pivot point stands at 570.5.

Our preference

The upside prevails as long as 570.5 is support.

Alternative scenario

Below 570.5, expect 557.9 and 550.5.

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 trading above both its 20 and 50 period moving average (respectively at 573.1 and 566.9).

Supports and resistances

619.0 **

611.5 *

604.0 **

596.5

581.5 last

575.5

570.5 **

557.9 *

550.5 **

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