Binance Coin / Dollar may rise to 498.6 - 503.2

Our pivot point stands at 476.4.

Our preference

Rebound towards 503.2.

Alternative scenario

Below 476.4, expect 468.7 and 464.1.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 493.3 and 522).

Supports and resistances

512.5 **

507.9 *

503.2 **

498.6

489.1 last

479.4

476.4 **

468.7 *

464.1 **

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