Binance Coin / Dollar may rise to 574.2 - 579.3

Our pivot point stands at 556.0.

Our preference

Rebound towards 579.3.

Alternative scenario

The downside breakout of 556 would call for 547.5 and 542.4.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 563.6 and 570.9).

Supports and resistances

589.5 **

584.4 *

579.3 **

574.2

562.8 last

559.3

556.0 **

547.5 *

542.4 **

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