Binance Coin / Dollar may rise to 591.9 - 599.3

Our pivot point stands at 565.5.

Our preference

Rebound towards 599.3.

Alternative scenario

Below 565.5, expect 553.0 and 545.6.

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 576.3 and 580.9).

Supports and resistances

614.2 **

606.8 *

599.3 **

591.9

576.2 last

570.4

565.5 **

553.0 *

545.6 **

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