Binance Coin / Dollar may rise to 600.7 - 606.0

Our pivot point is at 582.6.

Our preference

The upside prevails as long as 582.6 is support.

Alternative scenario

The downside breakout of 582.6 would call for 573.7 and 568.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 585.8 and 578.1).

Supports and resistances

616.6 **

611.3 *

606.0 **

600.7

590.1 last

586.1

582.6 **

573.7 *

568.4 **

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