Binance Coin / Dollar may rise to 602.1 - 606.9

Our pivot point is at 585.5.

Our preference

Rebound towards 606.9.

Alternative scenario

The downside breakout of 585.5 would call for 577.4 and 572.5.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 593.4 and 598.1).

Supports and resistances

616.6 **

611.8 *

606.9 **

602.1

592.4 last

588.7

585.5 **

577.4 *

572.5 **

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