Binance Coin / Dollar may rise to 566.0 - 573.2

541.7 is our pivot point.

Our preference

Rebound towards 573.2.

Alternative scenario

The downside breakout of 541.7 would call for 529.7 and 522.5.

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 552.5 and 562.6).

Supports and resistances

587.5 **

580.3 *

573.2 **

566.0

551.5 last

546.5

541.7 **

529.7 *

522.5 **

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