Binance Coin / Dollar may rise to 590.2 - 595.4

Our pivot point stands at 572.2.

Our preference

As long as 572.2 is support look for 595.4.

Alternative scenario

The downside breakout of 572.2 would call for 563.5 and 558.3.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 577.9 and 574.4).

Supports and resistances

605.9 **

600.7 *

595.4 **

590.2

579.2 last

575.7

572.2 **

563.5 *

558.3 **

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