Binance Coin / Dollar may rise to 600.3 - 605.1

Our pivot point is at 584.0.

Our preference

The upside prevails as long as 584 is support.

Alternative scenario

Below 584.0, expect 575.9 and 571.1.

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 583.3 and 588.8).

Supports and resistances

614.8 **

609.9 *

605.1 **

600.3

590.5 last

587.2

584.0 **

575.9 *

571.1 **

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