Binance Coin / Dollar may rise to 588.3 - 593.5

Our pivot point is at 568.7.

Our preference

As long as 568.7 is support look for 593.5.

Alternative scenario

Below 568.7, expect 560.0 and 554.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 576.6 and 570.4).

Supports and resistances

603.9 **

598.7 *

593.5 **

588.3

577.5 last

572.2

568.7 **

560.0 *

554.9 **

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