Binance Coin / Dollar may rise to 537.6 - 544.2

Our pivot point stands at 513.2.

Our preference

Our next up target stands at 544.2.

Alternative scenario

Below 513.2, expect 502.2 and 495.7.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 521.3 and 522.6).

Supports and resistances

557.3 **

550.7 *

544.2 **

537.6

523.2 last

517.5

513.2 **

502.2 *

495.7 **

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