Binance Coin / Dollar may rise to 502.2 - 508.1

Our pivot point stands at 479.5.

Our preference

The upside prevails as long as 479.5 is support.

Alternative scenario

The downside breakout of 479.5 would call for 469.7 and 463.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 484.2 and 469.8).

Supports and resistances

519.8 **

513.9 *

508.1 **

502.2

489.7 last

483.4

479.5 **

469.7 *

463.9 **

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