Binance Coin / Dollar may rise to 590.9 - 596.1

Our pivot point stands at 572.8.

Our preference

The upside prevails as long as 572.8 is support.

Alternative scenario

Below 572.8, expect 564.0 and 558.8.

Comment

The RSI is above 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 575.9 and 575).

Supports and resistances

606.5 **

601.3 *

596.1 **

590.9

580.0 last

576.2

572.8 **

564.0 *

558.8 **

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