Binance Coin / Dollar may rise to 551.7 - 558.7

Our pivot point stands at 527.9.

Our preference

Rebound towards 558.7.

Alternative scenario

The downside breakout of 527.9 would call for 516.1 and 509.1.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 537.7 and 543).

Supports and resistances

572.7 **

565.7 *

558.7 **

551.7

537.1 last

532.5

527.9 **

516.1 *

509.1 **

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