Binance Coin / Dollar may rise to 591.1 - 596.4

Our pivot point stands at 573.4.

Our preference

As long as 573.4 is support look for 596.4.

Alternative scenario

Below 573.4, expect 564.6 and 559.4.

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 trading under its 20 period moving average (581) but above its 50 period moving average (575.9).

Supports and resistances

606.8 **

601.6 *

596.4 **

591.1

580.5 last

576.9

573.4 **

564.6 *

559.4 **

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