Binance Coin / Dollar may rise to 583.1 - 588.3

Our pivot point stands at 564.5.

Our preference

Rebound towards 588.3.

Alternative scenario

Below 564.5, expect 555.8 and 550.7.

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 above its 20 period moving average (571.4) but below its 50 period moving average (574.4).

Supports and resistances

598.6 **

593.4 *

588.3 **

583.1

571.9 last

567.9

564.5 **

555.8 *

550.7 **

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