Binance Coin / Dollar may rise to 528.9 - 534.9

Our pivot point stands at 509.0.

Our preference

As long as 509 is support look for 534.9.

Alternative scenario

The downside breakout of 509 would call for 498.9 and 492.9.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 516.2 and 509.4).

Supports and resistances

546.9 **

540.9 *

534.9 **

528.9

516.9 last

512.9

509.0 **

498.9 *

492.9 **

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