Binance Coin / Dollar may rise to 587.8 - 594.7

Our pivot point is at 562.3.

Our preference

Rebound towards 594.7.

Alternative scenario

Below 562.3, expect 550.8 and 544.0.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 572.7 and 574.4).

Supports and resistances

608.4 **

601.5 *

594.7 **

587.8

572.5 last

566.8

562.3 **

550.8 *

544.0 **

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