Binance Coin / Dollar may rise to 593.7 - 599.0

Our pivot point is at 570.3.

Our preference

The upside prevails as long as 570.3 is support.

Alternative scenario

The downside breakout of 570.3 would call for 561.6 and 556.4.

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 above its 20 and 50 period moving average (respectively at 573.1 and 574.6).

Supports and resistances

609.5 **

604.2 *

599.0 **

593.7

579.3 last

573.7

570.3 **

561.6 *

556.4 **

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