Binance Coin / Dollar may rise to 595.7 - 601.4

Our pivot point is at 576.8.

Our preference

The upside prevails as long as 576.8 is support.

Alternative scenario

The downside breakout of 576.8 would call for 567.2 and 561.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 577.5 and 575.6).

Supports and resistances

612.9 **

607.2 *

601.4 **

595.7

584.3 last

580.5

576.8 **

567.2 *

561.4 **

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