Binance Coin / Dollar may rise to 532.8 - 539.3

Our pivot point stands at 508.9.

Our preference

As long as 508.9 is support look for 539.3.

Alternative scenario

Below 508.9, expect 498.0 and 491.5.

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 518 and 514.8).

Supports and resistances

552.3 **

545.8 *

539.3 **

532.8

518.4 last

513.1

508.9 **

498.0 *

491.5 **

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