Binance Coin / Dollar may rise to 525.7 - 531.8

Our pivot point stands at 501.0.

Our preference

Rebound towards 531.8.

Alternative scenario

The downside breakout of 501 would call for 490.8 and 484.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 511.5 and 518.3).

Supports and resistances

544.1 **

537.9 *

531.8 **

525.7

509.0 last

505.0

501.0 **

490.8 *

484.7 **

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