Binance Coin / Dollar may rise to 599.9 - 605.7

Our pivot point stands at 578.1.

Our preference

Rebound.

Alternative scenario

Below 578.1, expect 568.3 and 562.5.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (584.5) but below its 50 period moving average (589.7).

Supports and resistances

617.4 **

611.6 *

605.7 **

599.9

587.0 last

581.9

578.1 **

568.3 *

562.5 **

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