Binance Coin / Dollar may rise to 597.8 - 602.6

Our pivot point is at 581.5.

Our preference

Rebound.

Alternative scenario

Below 581.5, expect 573.4 and 568.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (582.3) but under its 50 period moving average (589).

Supports and resistances

612.3 **

607.4 *

602.6 **

597.8

587.8 last

584.6

581.5 **

573.4 *

568.6 **

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