Binance Coin / Dollar may rise to 588.3 - 595.2

Our pivot point stands at 563.9.

Our preference

Rebound towards 595.2.

Alternative scenario

The downside breakout of 563.9 would call for 552.4 and 545.5.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 576.3 and 582.1).

Supports and resistances

608.9 **

602.1 *

595.2 **

588.3

573.4 last

568.4

563.9 **

552.4 *

545.5 **

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