Binance Coin / Dollar may rise to 556.7 - 563.8

Our pivot point stands at 533.0.

Our preference

Rebound towards 563.8.

Alternative scenario

Below 533.0, expect 521.1 and 514.0.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (539.7) but under its 50 period moving average (548.1).

Supports and resistances

577.9 **

570.9 *

563.8 **

556.7

542.4 last

537.6

533.0 **

521.1 *

514.0 **

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