Binance Coin / Dollar may rise to 506.7 - 512.6

Our pivot point stands at 483.7.

Our preference

As long as 483.7 is support look for 512.6.

Alternative scenario

The downside breakout of 483.7 would call for 473.8 and 467.9.

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 488.8 and 474.3).

Supports and resistances

524.5 **

518.6 *

512.6 **

506.7

491.9 last

487.5

483.7 **

473.8 *

467.9 **

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