Binance Coin / Dollar may rise to 497.0 - 502.8

Our pivot point is at 477.7.

Our preference

Our next up target stands at 502.8.

Alternative scenario

Below 477.7, expect 468.0 and 462.2.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 481.9 and 484.7).

Supports and resistances

514.4 **

508.6 *

502.8 **

497.0

485.4 last

481.6

477.7 **

468.0 *

462.2 **

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