Binance Coin / Dollar may rise to 487.4 - 493.1

Our pivot point stands at 467.2.

Our preference

As long as 467.2 is support look for 493.1.

Alternative scenario

The downside breakout of 467.2 would call for 457.7 and 452.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (476.1) but above its 50 period moving average (472.3).

Supports and resistances

504.4 **

498.7 *

493.1 **

487.4

475.3 last

471.0

467.2 **

457.7 *

452.0 **

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