Binance Coin / Dollar may rise to 595.9 - 601.2

Our pivot point is at 575.2.

Our preference

The upside prevails as long as 575.2 is support.

Alternative scenario

The downside breakout of 575.2 would call for 566.4 and 561.2.

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 580.5 and 575.1).

Supports and resistances

611.7 **

606.5 *

601.2 **

595.9

585.4 last

578.6

575.2 **

566.4 *

561.2 **

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