Binance Coin / Dollar may rise to 504.0 - 509.8

Our pivot point stands at 482.5.

Our preference

As long as 482.5 is support look for 509.8.

Alternative scenario

Below 482.5, expect 472.6 and 466.8.

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 above its 20 and 50 period moving average (respectively at 487.9 and 472.9).

Supports and resistances

521.6 **

515.7 *

509.8 **

504.0

491.3 last

486.3

482.5 **

472.6 *

466.8 **

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