Binance Coin / Dollar may rise to 536.6 - 542.6

Our pivot point is at 513.4.

Our preference

The upside prevails as long as 513.4 is support.

Alternative scenario

Below 513.4, expect 503.3 and 497.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 517.4 and 513.1). Finally, the Binance Coin / Dollar has crossed above its upper Bollinger band (523.7).

Supports and resistances

554.8 **

548.7 *

542.6 **

536.6

524.2 last

517.4

513.4 **

503.3 *

497.2 **

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