Binance Coin / Dollar may rise to 535.8 - 541.9

Our pivot point stands at 514.0.

Our preference

As long as 514 is support look for 541.9.

Alternative scenario

Below 514.0, expect 503.8 and 497.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 522.4 and 517.4).

Supports and resistances

554.1 **

548.0 *

541.9 **

535.8

523.5 last

518.0

514.0 **

503.8 *

497.8 **

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