Binance Coin / Dollar may rise to 529.9 - 536.0

Our pivot point is at 508.3.

Our preference

Rebound.

Alternative scenario

Below 508.3, expect 497.9 and 491.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (509.4) but below its 50 period moving average (518.2).

Supports and resistances

548.4 **

542.2 *

536.0 **

529.9

516.4 last

512.3

508.3 **

497.9 *

491.7 **

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