Binance Coin / Dollar may rise to 504.1 - 509.9

Our pivot point is at 481.3.

Our preference

As long as 481.3 is support look for 509.9.

Alternative scenario

The downside breakout of 481.3 would call for 471.5 and 465.6.

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 above both its 20 and 50 period moving average (respectively at 485.7 and 469.6).

Supports and resistances

521.7 **

515.8 *

509.9 **

504.1

491.9 last

485.1

481.3 **

471.5 *

465.6 **

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