Binance Coin / Dollar may rise to 554.0 - 561.0

Our pivot point is at 521.4.

Our preference

Rebound towards 561.0.

Alternative scenario

The downside breakout of 521.4 would call for 509.8 and 502.9.

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 541.6 and 550.2).

Supports and resistances

575.1 **

568.0 *

561.0 **

554.0

539.0 last

525.9

521.4 **

509.8 *

502.9 **

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