Binance Coin / Dollar may rise to 585.6 - 592.4

562.6 is our pivot point.

Our preference

Rebound towards 592.4.

Alternative scenario

Below 562.6, expect 551.1 and 544.3.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 571.8 and 574.2).

Supports and resistances

606.1 **

599.3 *

592.4 **

585.6

571.7 last

567.1

562.6 **

551.1 *

544.3 **

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