Binance Coin / Dollar may rise to 600.6 - 605.9

Our pivot point is at 582.1.

Our preference

The upside prevails as long as 582.1 is support.

Alternative scenario

Below 582.1, expect 573.2 and 567.9.

Comment

The RSI is above 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 584.8 and 577.6).

Supports and resistances

616.5 **

611.2 *

605.9 **

600.6

590.0 last

585.6

582.1 **

573.2 *

567.9 **

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