Binance Coin / Dollar may rise to 537.5 - 542.5

517.3 is our pivot point.

Our preference

Rebound towards 542.5.

Alternative scenario

Below 517.3, expect 509.0 and 504.0.

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 under both its 20 and 50 period moving average (respectively at 530.3 and 551.3).

Supports and resistances

552.5 **

547.5 *

542.5 **

537.5

525.4 last

520.6

517.3 **

509.0 *

504.0 **

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