Binance Coin / Dollar may rise to 597.8 - 603.6

576.9 is our pivot point.

Our preference

Rebound towards 603.6.

Alternative scenario

The downside breakout of 576.9 would call for 567.2 and 561.3.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (584.6) but below its 50 period moving average (592.7).

Supports and resistances

615.3 **

609.4 *

603.6 **

597.8

586.1 last

580.8

576.9 **

567.2 *

561.3 **

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