Binance Coin / Dollar may rise to 517.0 - 521.8

Our pivot point stands at 495.1.

Our preference

The upside prevails as long as 495.1 is support.

Alternative scenario

The downside breakout of 495.1 would call for 487.1 and 482.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 496.9 and 503.9).

Supports and resistances

531.5 **

526.7 *

521.8 **

517.0

505.6 last

498.3

495.1 **

487.1 *

482.4 **

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