Binance Coin / Dollar may rise to 593.2 - 598.5

Our pivot point is at 573.0.

Our preference

The upside prevails as long as 573 is support.

Alternative scenario

The downside breakout of 573 would call for 564.3 and 559.1.

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 571.7 and 574.4). Finally, the Binance Coin / Dollar has crossed above its upper Bollinger band (579.1).

Supports and resistances

609.0 **

603.7 *

598.5 **

593.2

581.2 last

576.5

573.0 **

564.3 *

559.1 **

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