Binance Coin / Dollar may rise to 580.5 - 586.1

Our pivot point is at 561.5.

Our preference

Rebound towards 586.1.

Alternative scenario

The downside breakout of 561.5 would call for 552.1 and 546.6.

Comment

The RSI is below 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 570.1 and 574.2).

Supports and resistances

597.2 **

591.7 *

586.1 **

580.5

569.2 last

565.1

561.5 **

552.1 *

546.6 **

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