Binance Coin / Dollar may rise to 596.2 - 601.5

Our pivot point stands at 574.5.

Our preference

As long as 574.5 is support look for 601.5.

Alternative scenario

Below 574.5, expect 565.7 and 560.5.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 579.7 and 574.7).

Supports and resistances

612.0 **

606.8 *

601.5 **

596.2

584.2 last

577.9

574.5 **

565.7 *

560.5 **

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