Binance Coin / Dollar may rise to 535.7 - 542.2

Our pivot point is at 513.4.

Our preference

As long as 513.4 is support look for 542.2.

Alternative scenario

Below 513.4, expect 502.4 and 495.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 522.1 and 516.9).

Supports and resistances

555.3 **

548.7 *

542.2 **

535.7

522.5 last

517.7

513.4 **

502.4 *

495.9 **

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