Binance Coin / Dollar may rise to 594.7 - 599.5

Our pivot point stands at 578.3.

Our preference

Rebound towards 599.5.

Alternative scenario

Below 578.3, expect 570.3 and 565.5.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (582.1) but below its 50 period moving average (589.4).

Supports and resistances

609.0 **

604.2 *

599.5 **

594.7

584.6 last

581.4

578.3 **

570.3 *

565.5 **

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