Binance Coin / Dollar may rise to 536.6 - 543.1

Our pivot point is at 512.5.

Our preference

The upside prevails as long as 512.5 is support.

Alternative scenario

Below 512.5, expect 501.5 and 495.0.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 519.9 and 520.6).

Supports and resistances

556.2 **

549.7 *

543.1 **

536.6

521.4 last

516.8

512.5 **

501.5 *

495.0 **

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