Binance Coin / Dollar may rise to 539.5 - 546.0

Our pivot point stands at 512.3.

Our preference

As long as 512.3 is support look for 546.

Alternative scenario

Below 512.3, expect 501.3 and 494.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (525.7) but above its 50 period moving average (522).

Supports and resistances

559.2 **

552.6 *

546.0 **

539.5

524.5 last

516.6

512.3 **

501.3 *

494.8 **

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