Binance Coin / Dollar may rise to 597.6 - 605.1

Our pivot point stands at 572.0.

Our preference

As long as 572 is support look for 605.1.

Alternative scenario

The downside breakout of 572 would call for 559.4 and 551.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (582.6) but above its 50 period moving average (571.5).

Supports and resistances

620.2 **

612.7 *

605.1 **

597.6

582.6 last

576.9

572.0 **

559.4 *

551.9 **

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