Binance Coin / Dollar may rise to 500.9 - 506.7

Our pivot point is at 476.8.

Our preference

The upside prevails as long as 476.8 is support.

Alternative scenario

Below 476.8, expect 467.0 and 461.3.

Comment

The RSI is above 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 467.4 and 477.9).

Supports and resistances

518.4 **

512.6 *

506.7 **

500.9

488.0 last

480.6

476.8 **

467.0 *

461.3 **

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