Binance Coin / Dollar may rise to 536.8 - 543.3

Our pivot point stands at 515.0.

Our preference

As long as 515 is support look for 543.3.

Alternative scenario

The downside breakout of 515 would call for 504 and 497.5.

Comment

The RSI is above its neutrality area at 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 523 and 518.4).

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.