Binance Coin / Dollar may rise to 523.7 - 529.8

Our pivot point is at 500.8.

Our preference

As long as 500.8 is support look for 529.8.

Alternative scenario

Below 500.8, expect 490.6 and 484.5.

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 507.6 and 504.8).

Supports and resistances

542.0 **

535.9 *

529.8 **

523.7

511.0 last

504.8

500.8 **

490.6 *

484.5 **

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