Binance Coin / Dollar may rise to 598.9 - 604.8

Our pivot point stands at 577.8.

Our preference

The upside prevails as long as 577.8 is support.

Alternative scenario

Below 577.8, expect 568.0 and 562.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 585.7 and 586).

Supports and resistances

616.4 **

610.6 *

604.8 **

598.9

586.9 last

581.6

577.8 **

568.0 *

562.2 **

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