Binance Coin / Dollar may rise to 574.6 - 579.7

Our pivot point stands at 556.7.

Our preference

Rebound towards 579.7.

Alternative scenario

Below 556.7, expect 548.2 and 543.1.

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 above its 20 period moving average (563.1) but under its 50 period moving average (570.4).

Supports and resistances

589.9 **

584.8 *

579.7 **

574.6

564.3 last

560.0

556.7 **

548.2 *

543.1 **

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