Binance Coin / Dollar may rise to 553.6 - 560.4

Our pivot point stands at 529.2.

Our preference

As long as 529.2 is support look for 560.4.

Alternative scenario

Below 529.2, expect 517.9 and 511.2.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 537.4 and 527.6).

Supports and resistances

573.9 **

567.1 *

560.4 **

553.6

539.5 last

533.7

529.2 **

517.9 *

511.2 **

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