Binance Coin / Dollar may rise to 499.1 - 505.0

Our pivot point stands at 479.8.

Our preference

Our next up target stands at 505.0.

Alternative scenario

The downside breakout of 479.8 would call for 470 and 464.2.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 482.5 and 484.6).

Supports and resistances

516.6 **

510.8 *

505.0 **

499.1

487.5 last

483.7

479.8 **

470.0 *

464.2 **

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