Binance Coin / Dollar may rise to 540.7 - 547.0

513.8 is our pivot point.

Our preference

Rebound towards 547.0.

Alternative scenario

Below 513.8, expect 503.3 and 497.1.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 530.1 and 543.5).

Supports and resistances

559.6 **

553.3 *

547.0 **

540.7

523.9 last

517.9

513.8 **

503.3 *

497.1 **

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