Binance Coin / Dollar may rise to 535.9 - 542.4

Our pivot point stands at 510.2.

Our preference

The upside prevails as long as 510.2 is support.

Alternative scenario

Below 510.2, expect 499.3 and 492.8.

Comment

The RSI is above 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 520.4 and 514.7).

Supports and resistances

555.5 **

549.0 *

542.4 **

535.9

522.8 last

514.5

510.2 **

499.3 *

492.8 **

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