Binance Coin / Dollar may rise to 553.1 - 560.2

525.5 is our pivot point.

Our preference

Rebound towards 560.2.

Alternative scenario

The downside breakout of 525.5 would call for 513.8 and 506.8.

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 537.2 and 545).

Supports and resistances

574.2 **

567.2 *

560.2 **

553.1

535.6 last

530.1

525.5 **

513.8 *

506.8 **

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