Binance Coin / Dollar may rise to 555.3 - 562.3

Our pivot point is at 530.9.

Our preference

Rebound.

Alternative scenario

Below 530.9, expect 519.1 and 512.1.

Comment

The RSI is above 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 stands above its 20 period moving average (538.4) but below its 50 period moving average (542.6).

Supports and resistances

576.4 **

569.4 *

562.3 **

555.3

540.3 last

535.6

530.9 **

519.1 *

512.1 **

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