Cryptocurrency

Binance Coin / Dollar may rise to 573.9 - 579.0

2024-10-11

Our pivot point stands at 552.3.

Our preference

Rebound towards 579.0.

Alternative scenario

Below 552.3, expect 543.9 and 538.8.

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 stands below its 20 and 50 period moving average (respectively at 562.4 and 569.7).

Supports and resistances

589.2 **

584.1 *

579.0 **

573.9

561.4 last

555.6

552.3 **

543.9 *

538.8 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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