Binance Coin / Dollar may rise to 556.0 - 563.1

Our pivot point is at 529.7.

Our preference

Rebound towards 563.1.

Alternative scenario

The downside breakout of 529.7 would call for 517.9 and 510.9.

Comment

The RSI is below its neutrality area at 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 543.1 and 551.4).

Supports and resistances

577.2 **

570.1 *

563.1 **

556.0

540.1 last

534.4

529.7 **

517.9 *

510.9 **

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