Binance Coin / Dollar may rise to 578.6 - 583.7

Our pivot point stands at 561.2.

Our preference

The upside prevails as long as 561.2 is support.

Alternative scenario

Below 561.2, expect 552.6 and 547.5.

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 563 and 567.3).

Supports and resistances

593.9 **

588.8 *

583.7 **

578.6

568.0 last

564.6

561.2 **

552.6 *

547.5 **

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