Binance Coin / Dollar may rise to 537.3 - 543.4

Our pivot point is at 511.1.

Our preference

The upside prevails as long as 511.1 is support.

Alternative scenario

The downside breakout of 511.1 would call for 501 and 495.

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 above its 20 and 50 period moving average (respectively at 518.1 and 513.9).

Supports and resistances

555.6 **

549.5 *

543.4 **

537.3

521.2 last

515.1

511.1 **

501.0 *

495.0 **

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