Binance Coin / Dollar may rise to 525.5 - 531.6

Our pivot point stands at 502.1.

Our preference

As long as 502.1 is support look for 531.6.

Alternative scenario

Below 502.1, expect 491.8 and 485.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 506.4 and 493.3).

Supports and resistances

543.9 **

537.7 *

531.6 **

525.5

513.1 last

506.1

502.1 **

491.8 *

485.7 **

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