Binance Coin / Dollar may rise to 595.6 - 600.9

Our pivot point is at 577.6.

Our preference

As long as 577.6 is support look for 600.9.

Alternative scenario

The downside breakout of 577.6 would call for 568.7 and 563.5.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (586.3) but above its 50 period moving average (578.5).

Supports and resistances

611.4 **

606.2 *

600.9 **

595.6

584.7 last

581.0

577.6 **

568.7 *

563.5 **

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