Binance Coin / Dollar may rise to 527.3 - 533.5

Our pivot point stands at 506.9.

Our preference

The upside prevails as long as 506.9 is support.

Alternative scenario

The downside breakout of 506.9 would call for 496.5 and 490.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 504.2 and 492.6).

Supports and resistances

545.8 **

539.6 *

533.5 **

527.3

515.0 last

510.9

506.9 **

496.5 *

490.4 **

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