Binance Coin / Dollar may rise to 532.6 - 538.8

509.6 is our pivot point.

Our preference

The upside prevails as long as 509.6 is support.

Alternative scenario

The downside breakout of 509.6 would call for 499.2 and 493.1.

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 above its 20 and 50 period moving average (respectively at 512.9 and 517.2).

Supports and resistances

551.3 **

545.1 *

538.8 **

532.6

520.0 last

513.7

509.6 **

499.2 *

493.1 **

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