Binance Coin / Dollar may rise to 541.8 - 548.5

Our pivot point stands at 518.9.

Our preference

The upside prevails as long as 518.9 is support.

Alternative scenario

Below 518.9, expect 507.8 and 501.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 526 and 521.2).

Supports and resistances

561.7 **

555.1 *

548.5 **

541.8

528.4 last

523.3

518.9 **

507.8 *

501.2 **

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