Binance Coin / Dollar may rise to 503.4 - 509.3

Our pivot point is at 479.1.

Our preference

As long as 479.1 is support look for 509.3.

Alternative scenario

The downside breakout of 479.1 would call for 469.4 and 463.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 490.3 and 478.5).

Supports and resistances

521.1 **

515.2 *

509.3 **

503.4

491.6 last

483.0

479.1 **

469.4 *

463.5 **

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