Binance Coin / Dollar may rise to 536.1 - 542.6

512.5 is our pivot point.

Our preference

Our next up target stands at 542.6.

Alternative scenario

The downside breakout of 512.5 would call for 501.5 and 495.

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 is trading above both its 20 and 50 period moving average (respectively at 519 and 521).

Supports and resistances

555.7 **

549.2 *

542.6 **

536.1

521.8 last

516.8

512.5 **

501.5 *

495.0 **

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