Binance Coin / Dollar may rise to 595.0 - 602.4

569.7 is our pivot point.

Our preference

As long as 569.7 is support look for 602.4.

Alternative scenario

The downside breakout of 569.7 would call for 557.2 and 549.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (582.2) but above its 50 period moving average (575.2).

Supports and resistances

617.4 **

609.9 *

602.4 **

595.0

579.6 last

574.7

569.7 **

557.2 *

549.7 **

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