Binance Coin / Dollar may rise to 536.8 - 543.3

515.0 is our pivot point.

Our preference

As long as 515 is support look for 543.3.

Alternative scenario

Below 515.0, expect 504.0 and 497.5.

Comment

The RSI is above 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 522.4 and 517.6).

Supports and resistances

556.4 **

549.9 *

543.3 **

536.8

523.7 last

519.4

515.0 **

504.0 *

497.5 **

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