Binance Coin / Dollar may rise to 570.6 - 577.8

Our pivot point stands at 542.5.

Our preference

Rebound towards 577.8.

Alternative scenario

Below 542.5, expect 530.5 and 523.4.

Comment

The RSI is below its neutrality area at 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 554.6 and 564.8).

Supports and resistances

592.2 **

585.0 *

577.8 **

570.6

553.5 last

547.2

542.5 **

530.5 *

523.4 **

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