Binance Coin / Dollar may rise to 538.2 - 544.7

Our pivot point is at 513.0.

Our preference

Rebound.

Alternative scenario

The downside breakout of 513 would call for 502 and 495.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (522) but below its 50 period moving average (523.3).

Supports and resistances

557.8 **

551.3 *

544.7 **

538.2

522.6 last

517.3

513.0 **

502.0 *

495.5 **

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