Binance Coin / Dollar may rise to 573.5 - 578.5

Our pivot point stands at 555.6.

Our preference

Rebound towards 578.5.

Alternative scenario

The downside breakout of 555.6 would call for 547.1 and 542.

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 is trading under both its 20 and 50 period moving average (respectively at 564.4 and 571.6).

Supports and resistances

588.7 **

583.6 *

578.5 **

573.5

562.6 last

558.9

555.6 **

547.1 *

542.0 **

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