Binance Coin / Dollar may rise to 567.2 - 574.3

Our pivot point stands at 542.8.

Our preference

Rebound towards 574.3.

Alternative scenario

The downside breakout of 542.8 would call for 530.8 and 523.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 556.3 and 566.7).

Supports and resistances

588.5 **

581.4 *

574.3 **

567.2

552.3 last

547.5

542.8 **

530.8 *

523.7 **

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