Binance Coin / Dollar may rise to 536.7 - 542.7

Our pivot point stands at 516.5.

Our preference

As long as 516.5 is support look for 542.7.

Alternative scenario

Below 516.5, expect 506.3 and 500.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 524.1 and 518.9).

Supports and resistances

554.9 **

548.8 *

542.7 **

536.7

524.5 last

520.5

516.5 **

506.3 *

500.2 **

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