Binance Coin / Dollar may rise to 591.6 - 597.3

Our pivot point stands at 570.0.

Our preference

As long as 570 is support look for 597.3.

Alternative scenario

Below 570.0, expect 560.5 and 554.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (579.2) but above its 50 period moving average (575.5).

Supports and resistances

608.6 **

602.9 *

597.3 **

591.6

578.6 last

573.7

570.0 **

560.5 *

554.8 **

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