Binance Coin / Dollar may rise to 500.5 - 506.3

Our pivot point is at 475.7.

Our preference

As long as 475.7 is support look for 506.3.

Alternative scenario

The downside breakout of 475.7 would call for 466 and 460.2.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (485.1) but above its 50 period moving average (468).

Supports and resistances

518.0 **

512.2 *

506.3 **

500.5

485.0 last

479.5

475.7 **

466.0 *

460.2 **

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