Binance Coin / Dollar may rise to 589.1 - 594.3

569.9 is our pivot point.

Our preference

The upside prevails as long as 569.9 is support.

Alternative scenario

The downside breakout of 569.9 would call for 561.1 and 556.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 573.6 and 567.9).

Supports and resistances

604.8 **

599.6 *

594.3 **

589.1

577.5 last

573.3

569.9 **

561.1 *

556.0 **

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