Binance Coin / Dollar may rise to 551.6 - 558.4

Our pivot point stands at 528.5.

Our preference

The upside prevails as long as 528.5 is support.

Alternative scenario

Below 528.5, expect 517.3 and 510.5.

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 535.5 and 536.9).

Supports and resistances

571.8 **

565.1 *

558.4 **

551.6

538.1 last

533.0

528.5 **

517.3 *

510.5 **

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