Binance Coin / Dollar may rise to 553.0 - 559.7

Our pivot point is at 527.1.

Our preference

As long as 527.1 is support look for 559.7.

Alternative scenario

Below 527.1, expect 515.9 and 509.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 538 and 532.5).

Supports and resistances

573.2 **

566.5 *

559.7 **

553.0

538.1 last

531.6

527.1 **

515.9 *

509.2 **

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