Binance Coin / Dollar may rise to 581.3 - 586.4

Our pivot point stands at 562.5.

Our preference

Rebound towards 586.4.

Alternative scenario

The downside breakout of 562.5 would call for 553.9 and 548.8.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 572.2 and 576.3).

Supports and resistances

596.7 **

591.5 *

586.4 **

581.3

570.2 last

565.9

562.5 **

553.9 *

548.8 **

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