Binance Coin / Dollar may rise to 584.8 - 591.7

Our pivot point is at 561.9.

Our preference

Rebound towards 591.7.

Alternative scenario

The downside breakout of 561.9 would call for 550.5 and 543.6.

Comment

The RSI is below 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 571.2 and 573.9).

Supports and resistances

605.3 **

598.5 *

591.7 **

584.8

571.0 last

566.4

561.9 **

550.5 *

543.6 **

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