Binance Coin / Dollar may rise to 577.1 - 583.8

Our pivot point is at 550.5.

Our preference

Rebound towards 583.8.

Alternative scenario

The downside breakout of 550.5 would call for 539.3 and 532.6.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 567 and 577.1).

Supports and resistances

597.3 **

590.5 *

583.8 **

577.1

562.2 last

554.9

550.5 **

539.3 *

532.6 **

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